The high-yield market merits attention

Against a backdrop of improving global economics, the world's monetary authorities are expected to t...

Against a backdrop of improving global economics, the world's monetary authorities are expected to tighten policy in the near future. While interest rates remain close to historic lows, they appear to have bottomed out in the present cycle and the next most likely direction will be upwards. In this environment, where should the shrewd investor be putting their money? Conventional wisdom says that at this stage of the economic cycle, with activity expanding and interest rates looking set to rise, investors should be avoiding bonds and putting their money into equities. But is this corr...