Stocks slid and Treasury yields rose as comments by the Federal Reserve chair suggested the "peak" fed funds rate may be higher than initially expected.
Given that tighter financial conditions are on the horizon, high-yield bonds may not be as attractive as they have been over the past few years. We look at four factors that indicate it may be especially prudent to proceed with caution when it comes to high-yield bonds.
Prices have fallen sharply, creating an opportunity for income-oriented investors who can ride out the volatility. Investors should understand the risks, however.
