The Peregrine mafia: volume three

Salomon Smith Barney''s head of fixed income research, Ivan Lee is also another Peregrine alumnus.

What have been the key trends in fixed income research in the last year or so
There has been a polarization of Asian credits. It is like a dumbbell. There are plenty of investment grade companies, and then you have the other extreme which is very high-yielding names, such as the distressed names in Thailand and Indonesia. Some of these are yielding over 20% or even 30%. In the middle is the conventional high yield names, which I will define...

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