Although the interest rate spread between corporates and Treasuries looks reasonable, because interest rates themselves are so low, corporate bond investors aren't being adequately compensated on an all-in basis, says Morningstar's Dave Sekera.
Although the Fed is likely to keep policy very loose through the end of the year, the unprecedented nature of the intervention means we can't tell what the disruption to financial markets will be when the Fed pulls back, says Western Asset's Steve Walsh.
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