Credit world offers opportunities for higher risk investors

ON BONDS

TwentyFour's Mark Holman says investors are being paid heavily for trying to pick the bottom of the market.

The past three months in fixed income markets have been nothing short of extraordinary, as we have tried to navigate through a complex and unique set of circumstances. Despite the bulk of the price action and headlines coming in August, it was the culmination of earlier events that eventually led to a capitulation of risk appetite. It began with Greece in May, where a technicality in the IMF lending charter eventually forced Greece into a second bailout. It was during this second bailout the markets focused on the cracks in the various eurozone members resolve.  We then had the US ...