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The rest is in investment grade bonds.
And at the moment, there are not many investment grade bonds out there.
In addition, many institutional investors are restricted from buying noninvestment grade bonds.
In October, $74 billion of investment grade bonds were issued, as well as $5 billion in high-yield debt.
By prospectus, the fund must keep at least 75percentt of its assets in higher-rated, or investment grade, bonds.
Below-investment grade bonds rarely trade at all.
Similar(46)
Go put thy money in investment-grade bonds.
The reverse quality relationship also applies for investment-grade bonds.
That's still a couple of notches below the minimum for investment-grade bonds.
Many classes of investors were now forbidden to buy noninvestment-grade bonds at all.
Investment-grade bonds are certainly worth considering, though yields have fallen sharply.
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