The best high-yielding corporate bonds

Professional investor James Foster picks three high-yielding corporate bonds to buy now

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week:James Foster, co-manager of the Artemis Monthly Distribution Fund.

This summer's news bulletins have been dominated by the shambles in Greece rather than discussions about interest rates. It's understandable. The Delphic comments of central bankers cannot hope to compete with the drama of all-night meetings and high-level political horse-trading in Brussels. Yet the relatively small size of the Greek economy means that, whatever solution the eurozone eventually stumbles upon, its real significance will be political rather than economic. Globally, the more pressing question remains when and at what pace rates will rise. Although the first rate rise by the US Federal Reserve is already "in the price", there is less certainty about the timing of the second and third increases.

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