High-Yield Bonds Are Like Pennies in Front of a Steamroller
Peter Troob · Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59) · Jul 2, 2018 · at 18:45
Peter Troob, CIO of Troob Capital Management, argues against holding long-duration high-yield credit given the asymmetric downside.
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“So the question is, picking up three, four, five, six percent in high yield from today forward, it's like picking up pennies in front of a steamroller. Is it worth it? That's the question. And my answer to that is no.”
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