With no end in sight for the Federal Reserve's low interest rates, a likely scramble for yield has intensified worries about dangers ahead for junk-bonds.
Saumil Parikh, MD & Senior Portfolio Manager, PIMCO sees a $200 billion fiscal tightening in the U.S. next year, which he says will be positive for bond markets.
Jamie Stuttard, Head of International Bond Portfolio Management, Pyramis Global Advisors says the upcoming fiscal cliff talks, and various European elections in 2013 will continue to dominate the bond markets.
CNBC's Rick Santelli talks with Robert McKendry, TJM Institutional Services, about whether it is time for investors to cash out some of their winning investments.