Halister News

(Bloomberg) -- High yield likely to remain attractive over the near-term as pension funds and insurance companies chase for yield, BofAML strategists led by Michael Contopoulos write in note.

• Investor sentiment has shifted on the back of negative- yielding assets across the globe
• While acknowledging strong technicals led by prospect of foreign inflows to safe havens and a shift in sentiment, cautious against complacency and question the wisdom of aggressively adding risk in an illiquid asset class ahead of poor growth
• Weak fundamentals, poor economic indicators and a banking sector under pressure are a “nightmare dressed as a daydream”