Surveillance: Market Attitudes with Marks (Podcast)
Bloomberg Surveillance
00:00
Pension Funds and Institutional Investors Are Not Market Timers
Pensions and institutional investors have been shooting for seven and a half to eight % bogy. But now, as you point out, one of our big activities is hiilbonds. A year ago, they were yielding in the threes of %. That's not a very high yield for hi yield. Today, as you say, they yield in the sevens. So a pension fund that needs 7 or 7 and a half can make use of hi bonds and everything. You know, when everybody gets concerned when prices decline, but if you flip that over, the flip side of price deterioration is increases in prospect of urns. Now the prospective returns on many asset classes are
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