US HIGH YIELD-Junk bonds may weather rising Treasury yields

(Reuters) - In seven of the eight most recent years when there was a
sustained rise in Treasury yields, high-yield bonds performed
better than Treasuries, and in four of those years, they posted
above-average returns, Martin Fridson, publisher of high-yield
research service Leverage World, said on Wednesday.




"With comparatively low interest-rate sensitivity, in a
rising rate environment this would actually be a relatively
good place to be," said Fridson, speaking at a high-yield bond
conference sponsored by the New York Society of Security
Analysts.


Read more at Reuters.com Bonds News