'Very underweight' on high yield amid rising default risks: Morgan Stanley
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'Very underweight' on high yield amid rising default risks: Morgan Stanley

While the high yield market will face more pressure over time, fixed income is doing very well due to easing financial conditions, says Jim Caron of Morgan Stanley Investment Management. He adds that equity prices are likely to march higher.
02:27
Tue, Aug 4 202010:29 PM EDT