Opportunities abound as yields level out

The credit crunch has set the agenda in financial markets. The loss of confidence and the new-found aversion to risk swept in so quickly that it was close to panic at times. This has caused irrational decisions and market volatility: conditions which produce buying opportunities for the considered investor. It is now time to take advantage of them. Most immediately, bonds issued by the big high-street banks are looking very attractive. Despite the potential risk to their dividends there is minimal chance that a Barclays or Royal Bank of Scotland will not pay a coupon on its bonds. Further...