High interest rates are not keeping investors away from high-yield bonds, also known as junk bonds.
Tag: BOND YIELDS
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RISING BOND YIELDS EVENTUALLY WILL SWAMP CONSUMERS, BLACKSTONE CHIEF WARNS
Rising yields on the 10-year U.S. treasury bond, now brushing up against 5 percent, will eventually crimp consumer spending and slow the economy, Jonathan Gray, president of Blackstone Group, the world’s largest asset manager, said last week in a Financial Times interview.