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Prudential's Peters says junk bonds ‘risk-reward is not favorable’
April 20, 2017 / 8:01 PM / 8 months ago

Prudential's Peters says junk bonds ‘risk-reward is not favorable’

NEW YORK, April 20 (Reuters) - Prudential senior portfolio manager Greg Peters said on Thursday that he has been reducing his overweight position in junk bonds because the “risk-reward is just not favorable.”

Peters, who oversees more than $100 billion in multi-sector fixed-income portfolios, said he’s also shorting German 2-year bonds, also known as Schatz, because they have become “really, really, really rich.” (Reporting By Jennifer Ablan; Editing by Chris Reese)

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