“If you have a longer-term outlook, you can take advantage of the opportunities of spread widening,” said Tony Rodriguez, co-head of fixed income at Nuveen Asset Management, in the report.
In a recent fixed-income strategy report, BlackRock argued for a shift away from bank loan securities toward high-yield bonds. [Bank Loan or Junk Bond ETFs for Yield?]
iShares iBoxx High Yield Corporate Bond
Full disclosure: Tom Lydon’s clients own HYG.