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In the short term, when Congress acts in a crazy and irresponsible fashion that makes the world feel more unstable, investors "seek safety" and actually buy American government debt, pushing down yields (bond prices and yields move inversely to each other).
Real bond yields (bond yield minus the inflation rate) predict bond returns reasonably well.
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High-yield bond funds were stunningly attractive to investors.
Mr. Taylor, 42, was a high-yield bond broker with Cantor Fitzgerald.
Only a year ago, the high-yield bond market was effectively shut.
Some high-yield bond exposure may also be appropriate.
High-yield bond funds were up nearly 50 percent.
Officially, these are called high-yield bond funds; unofficially, they are known as junk bond funds.
The high-yield bond market was essentially flat, according to KDP Investment Advisor, a bond research firm.
HIGH-YIELD bond prices fell sharply in the third quarter as investors fled risky investments.
He is an associate in high-yield bond research at Morgan Stanley in New York.
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