Ample market liquidity will continue to ease default pressures
The days of double-digit returns are behind us, fund manager says
The market for so-called "junk" bonds is relatively strong and stable currently, there are attractive high-yield bonds in the resources sector, as well as good values to be had in the BRIC economies
Moody’s forecasts rate to rise modestly to 3% by the end of 2013
Default rate expected remain below historical averages
Rate expected to end the year little change at 2.8%
With ample liquidity available, the rate is not expected to change much over the coming months
Canadian bonds have tighter covenants, which provide more protection for investors
Three issuers defaulted last month
Index remains at historically low level