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Reuters Summit: High-yield overvalued, Fridson says

Wednesday, November 19, 2014 - 05:34

Long-time junk bond investor Marty Fridson says high-yield debt is overvalued, especially in the more defensive sectors, and believes default rates will be above average in the coming years.

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Reuters Summit: High-yield overvalued, Fridson says

Wednesday, November 19, 2014 - 05:34