Gas, chemicals break new ground in high yield

Norman P. Boucher, Portfolio Manager, and Paul D. Scanlon, CFA

Norman P. Boucher, Portfolio Manager, and Paul D. Scanlon, CFA
Co-Head of Fixed Income, 08/22/12


Fundamental changes in old industries, from gas to chemicals to telecommunications, are shaping the landscape of high-yield investment opportunities.

As interest rates rise, bond prices fall. Lower-rated bonds may offer higher yields in return for more risk.