Investors See Froth, But No Bubble (Yet)

Sheahan, Matthew
February 2011
High Yield Report;2/14/2011, Vol. 22 Issue 7, p19
The article presents an outlook for the high-yield bond and leveraged loan markets. According to Arthur Calavritinos, a portfolio manager with John Hancock Asset Management, there are indications of a possible market bubble. On the other hand, Matt Eagan, a portfolio manager with Loomis Sayles, view the situation as a rational response by investors to the U.S. Federal Reserve's stance on monetary policy and to the strength of credit fundamentals.


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