What is your outlook for global high yield bonds following the Q3 sell-off?

Christine Johnson, manager, Old Mutual Monthly Income High Yield Bond fund  Sell-off created opportunities  There are few more benign environments for high yield bonds than the one we find ourselves in today.  The recent sell-off adds to the attractions as spreads touch two year wides. Positive growth and consumer spending coupled with low inflation makes real returns very attractive, while increasing bank lending and looser lending standards historically precede lower default rates.  Over the last few months we have held and even added to our positioning, at first hedging through...