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As investors continue to sort through the aftermath of the bond market turmoil we witnessed in March, questions arise as to where there are potential relative value opportunities. The first sector that comes to mind is U.S. high-yield ((HY)) corporate bonds… you might say this is where I have high hopes.
I'll be the first to admit that a great deal of uncertainty remains in the fixed income investment landscape. However, I find myself in pretty close alignment with the Federal Reserve (Fed) on the economic outlook.