They don’t pay much interest, and future price appreciation is so not happening. Still, they have their uses.
US businesses that lack the income to pay their huge debt service, kept alive by more borrowing, are on shaky ground, Deutsche Bank Securities’ Sløk warns.
Concerned about downturn risk in equities, the New York State Common Retirement Fund may tilt allocation to bonds.
Fund veteran Arnold B. Phillips had been serving as interim head since May 2018.