◀ The Principal Blog

High Yield Makes Sense: One Man’s “Junk” is Another Investor’s Treasure



When investors think of high yield fixed income, the old term “junk bonds” often comes to mind. While the term “junk” carries a negative connotation, referring to the early years of high yield where high default rates were expected, the current reality is that high yield securities have a…

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Does Duration Matter in High Yield Investing?



The use of the term duration has successfully been adopted by the high yield investment universe over the past few of years.  Why? Because all else being equal, lower duration means lower interest-rate risk. And the number-one concern for fixed income investors over the past several years has been…

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