European High-Yield Bonds Look Attractive

Even though interest rates in Europe are widely expected to stay in negative territory for a while, some analysts are still finding opportunities to find returns.

“We are now in an era where cash is negative so there will be a hunt for yield,” Iain Stealey, fixed income fund manager at JPMorgan Asset Management, told CNBC last week.

Widely held expectations interest rates in the euro zone aren’t heading higher any time soon got a fillip last week after European Central Bank (ECB) President Mario Draghi gave more details of the bank’s plans to purchase covered bonds and asset-backed securities (ABS).

CNBC

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