Bull vs Bear: high-yield bonds

BEAR: GARY DUGAN

While we do have sympathy for a continued bull market case for high-yield bonds, we also remain concerned about the market when the world starts to tighten money supply, particularly in the United States.

At present, monetary conditions are exceptionally loose. Major central banks around the world are printing money. Interest rates are close to zero.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1187873/bull-vs-bear-high-yield-bonds