Default rates a cause for concern with high yields

US high yield bonds are seeing an increase in default rate forecasts. With government bonds continuing to perform well, the high-yield end of the market looks unattractive, says Ian Dixon, fixed income fund manager at Henderson Investors. He says: "The whole category as an entire sector is being avoided to cut our risk." Mark Sanders, fixed interest fund manager at Aberdeen, says he has avoided the high yield end of the US bond market for some time. He says: "We've been wary for the past few months simply because there are a lot of pricing pressures and over 3,000 companies in the US high...