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high-yield |
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| And if the economy tanks, it could cause worries about corporations and their ability to pay off their high-yield obligations, making high-yield bonds risky. The high-yield bond market is taking its most severe beating in years -- and the pain is being felt by traders, investors and underwriters throughout Los Angeles. In addition, they can put a portion of their investment to work in a well-diversified, high-yield pooled investment vehicle that provides a certain degree of exposure to higher-yielding fixed income securities, while reducing the relative risk inherent to the asset class via its larger number of holdings. |
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