At one point in my professional life ....

...I managed $4 billion of interest rates derivatives. I was and I am still intrigued by the meaning, implications, and performance of interest rate sensitive investments.

I developed some useful models to predict high-yield bond prices. I am not going into the details of why I thought they would be great. I have been recommending high-yield bond mutual funds and ETFs for some time.

Their performance has been spectacular (click on the chart to enlarge it). A picture is worth a thousand words.

I have explained in The Peter Dag Portfolio why high-yield bonds had a great chance of outperforming the stock market. And they did. By a wide margin.

Stay tuned!

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific money management needs.

I will be happy to speak to your investment group on how the business cycle impacts investment strategies and the choice of asset classes.

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