Reuters logo
Prudential's Peters says he favors double-b-rated junk bonds over US equities
May 21, 2014 / 7:42 PM / 3 years ago

Prudential's Peters says he favors double-b-rated junk bonds over US equities

May 21 (Reuters) - Greg Peters, senior portfolio manager who helps manage over $418 billion in assets at Prudential Investments, said on Wednesday that he favors double-b-rated junk bonds over U.S. equities.

Peters, the former Morgan Stanley chief global asset strategist who sounded an early alarm about the financial crisis, also said there is a remote chance the U.S. will go into recession but bond yields are signaling a higher probability today than six months ago. (Reporting By Jennifer Ablan; Editing by Chris Reese)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below