High Yield: The Perfect Storm That Wasn’t

http://ift.tt/1gyBz83 In a year when the US Federal Reserve caused jitters over quantitative easing, the US government endured a shutdown and investors shifted focus to equities, it’s no surprise that pure “duration-sensitive” bonds like US Treasuries had negative returns as interest rates spiked. But high yield emerged relatively unscathed, returning over 7% for the year. How […]

via AllianceBernstein Blog http://ift.tt/12najyx