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Pensions Seek Magic 8% Return Using Neglected Junk Debt
Bloomberg 
June 13, 2012
"U.S. pension-plan managers are pouring cash into debt from the smallest speculative-grade borrowers, seeking to meet targeted 8 percent returns at a time when average yields are at about record lows.... Fund managers that oversee retirees' health and pension benefits are seeking the debt of smaller junk-rated borrowers, pushed toward riskier investments as the Federal Reserve pledges to hold interest rates near zero through 2014."
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