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And with the bulls running, the search for yield intensified, sending lower-priced, lower-rated loans higher.
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They are driving up bond prices on Brazilian debt in a never ending search for yield.
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As the search for yield intensifies, strategists say buyers such as pension funds and life-insurance companies will likely look to other investments, most likely U.S. Treasurys and high-grade European debt.
WSJ: Japanese Government Bonds Soar
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Distressed debt investors will have to adapt to a surging equity market and a bubble in high-yield loan markets, finding themselves pushed down the capital structure in search for yield.
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But the Fed's goal is also to keep rates so low that investors will dive back into real estate in a search for yield they can't get from savings accounts or financial investments.
WSJ: Can We Afford Another Housing Boom?
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So, for investors in search of yield and safety, corporate credit could prove attractive.
FORBES: Big Corporations Look Like Better Borrowers Than Uncle Sam
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In the quest for yield, it pays to search the obscure corners of the market.
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But since a more focused search will likely yield more useful recommendations, buzz.com will also be able to suggest experts for that particular topic based on user "favorites" and comments.
FORBES: Magazine Article