Despite the recently hot inflation data, expect Fed Chief Janet Yellen to remain accommodative and bond yields to remain stable in the second half, says Liane Rosenberg, portfolio manager for the Value Line Core Bond Fund. Rosenberg says she remains positive on investment grade corporate bonds, especially in the energy sector. She adds that she is not worried about a bubble in high yield debt because of her detailed credit research. Finally, Rosenberg says she has done extremely well owning taxable munis this year, as well as bank debt issued by financials like Goldman Sachs.
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