Fears rise over headlong hunt for yield
Valuations in some high-yield bond markets look stretched, prompting panelists at an AsianInvestor forum to urge investors to review quality of bond issues as spreads head towards 2006-07 levels.
Institutional investors are being urged to review the quality of bond issues across the credit spectrum amid fears that the search for yield in this low-rate environment is leading to indiscriminate buying.
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