FILE PHOTO: Margaret Patel, managing director and senior portfolio supervisor with Wells Capital Administration’s Basic Fairness group, speaks on the Reuters World Funding Outlook Summit in New York, November 20, 2014. REUTERS/Mike Segar

NEW YORK (Reuters) – The positive factors in high-yield junk bonds should not over, because of the Federal Reserve’s supportive stance on financial coverage, Margaret Patel, one of many mutual-fund trade’s longest tenured and most well-known bond managers, mentioned on Tuesday.

“The chance-taker might be rewarded,” Patel, a senior portfolio supervisor at Wells Fargo Asset Administration, mentioned on the New York headquarters of…

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