Corporate debt with triple B ratings are an attractive choice for fixed income investors right now, says Craig Bishop, vice president and lead strategist for U.S. fixed income strategies at RBC Wealth Management. Bishop also says valuations are stretched in the high yield market, and in particular he wants to avoid energy debt. Bishop is a fan of municipal bonds, which have seen renewed interest from both domestic and international investors. While investors are focused on the December Federal Reserve meeting and the election this quarter, Bishop says he's more interested to see what sort of fiscal stimulus measures are put into place once the next administration takes office. TheStreet's Rhonda Schaffler has details from Wall Street.
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