(Bloomberg) -- John Addeo is selling the lowest-
rated bonds from his top-performing MFS High Yield Opportunities
Fund and buying stocks after debt ranked below investment grade
fell for the first time in almost a year.
The $820 million MFS fund fell 1.2 percent in the past
month as losses in bonds backed by subprime mortgages mounted
and companies prepared to pile on $300 billion of debt to
finance leveraged buyouts.
Read more at Bloomberg Bonds News
rated bonds from his top-performing MFS High Yield Opportunities
Fund and buying stocks after debt ranked below investment grade
fell for the first time in almost a year.
The $820 million MFS fund fell 1.2 percent in the past
month as losses in bonds backed by subprime mortgages mounted
and companies prepared to pile on $300 billion of debt to
finance leveraged buyouts.
Read more at Bloomberg Bonds News
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