Corporate bonds presenting best buying opportunities for decades

Manager James Gledhill heads up bullish stance on corporate bond sector, believing low prices mean yields on several bank bonds are very high

Corporate bonds are presenting their best buying opportunity in decades, according to leading managers. James Gledhill, manager of New Star's Fixed Interest and Extra High Yield Bond funds and head of the group's fixed income team, believes valuations seen during October, due to low investor sentiment and dislocation in the banking sector, are incredibly attractive. As leveraged bank bonds were first into the recession, the credit market being infected first by the US housing market, Gledhill believes they could be first out. "The low prices mean running and redemption yields on bank ...