Global Investors Pare Risky Bond Holdings

Loomis Sayles, GAM, and Standish are among those who say US investment grade and high yield corporate bond prices have gone too far, making returns less compelling. They're aiming to get ahead of a market reversal that could be unpleasant once the Fed starts raising interest rates, probably next year.

Loomis Sayles, GAM, and Standish are among those who say US investment grade and high yield corporate bond prices have gone too far, making returns less compelling. They're aiming to get ahead of a market reversal that could be unpleasant once the Fed starts raising interest rates, probably next year.