It's that time in the business cycle.
GS already has theirs, and they now want to sell it to you.
It's a good trade.
* * * * * J B K * * * * *
San Francisco
April 6 (Bloomberg) -- Speculative-grade bonds with the highest rankings may offer the best returns after trailing the riskiest debt in a record credit-market rally.
Goldman Sachs Group Inc. is recommending high-yield, high- risk bonds with rankings in the BB tier, the first below investment grade on the Standard & Poor's scale. Pioneer Investment Management Inc. favors BB and B bonds, the next lowest bracket, while saying the riskiest debt is overvalued. Debt ranked in the BB category gained 39.1 percent in the past 12 months, underperforming the CCC tier by 66 percentage points, according to Bank of America Merrill Lynch index data.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a7P22sf_Lf4Q&pos=3
