Guy Who Makes Living Selling Junk Bonds Says Junk Bonds Still Worth Buying


Hot deals!

And they’re pretty cheap right now, too. Also, they make great stocking-stuffers.

“We don’t believe the market is in a bubble,” said Jim Casey, J.P. Morgan’s global head of debt capital markets. “We don’t believe the market is overvalued…you can still make good money in high yield….”

He said the mood was largely steady as well among the firm’s largest customers, with little panic selling. While prices were dropping, Mr. Casey said, they were on “very thin volumes.”

Wall Street’s Biggest Junk Bond Dealer Weighs In on the Rout [WSJ]