One of the few bond types that remain attractive now is high yield. According to manager Klaus Blaabjerg of Sparinvest High Yield Value Bonds, the market value as a whole is not overvalued.
"Demand is strong and the number of bankruptcies low. Comparing spreads against the expected failure rate, there are no signs of a bubble," replies Blaabjerg in writing to questions from Fondsnieuws. Read the full Fondsnieuws article here