High Yield Extremely Overvalued, Says Fridson

High-yield corporate bonds remain popular, but are growing increasingly overvalued, warns Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors. His latest report on valuations, published Tuesday by S&P Capital IQ LCD, shows the sector’s fair value spread widened from 608 basis points in February to 637 bps in March (for details on his [...]