Folks: I plan to add some High Yield Bond like Fidelity High Income  SPHIX or  Metropolitan West High Yield Bond I   MWHIX in the next a few months. I wonder if you feel it is too expensive or not. Thanks, Chang By Ian Wyatt : I rarely say an income investment is categorically off the table for the High-Yield Wealth portfolio… But there are instances. One instance centers on real estate investment trusts (REITs). Don't misunderstand. REITs can be dependable, high-yield income sources. High-Yield Wealth ... With a strong fundamental tailwind, high-yield spreads actually should be tighter than historical averages, argues Western Asset's Michael Buchanan.<br/><br/><b>[0:00:08]</b> ... of U.S. credit at Western Asset and lead manager on Western Asset <b>High</b> <b>Yield</b>. Thanks for joining us today, Michael. Michael Buchanan: Thanks for having me here, Michelle. Canavan: The <b>high</b>-<b>yield</b> market posted very strong gains in 2012, and your fund was among the top performing. Can you discuss how the fund was ... <br/><b>[0:01:43]</b> ... Canavan: And, going forward, what's your near-term and long-term outlook for the <b>high</b>-<b>yield</b> market? And maybe tie that into how the positioning changed as a result. Buchanan: Sure. Well, I guess near-term, we do think ... <br/><b>[0:03:12]</b> ... And we think that interest rate risk is something that a lot <b>high</b>-<b>yield</b> investors aren't paying a lot of attention to right now, and we think we can get just as good returns, in fact ... <br/><b>[0:04:12]</b> ... our return to defaults. Canavan: Some are speculating that there is a <b>high</b>-<b>yield</b> credit bubble. Can you discuss your views on that? Buchanan: We are not in the camp that there is a bubble right now. I understand the logic behind that, or at least I understand the rationale for saying that: You look at yields, and they are pretty much at all-time lows. Like I said earlier, the <b>high</b>-<b>yield</b> market is trading at 5.5% right now. So, if you just simplistically look at yield, and then you don't look at the other factors, I could see how you'd maybe believe that <b>high</b>-<b>yield</b> is in a bubble right now. But if you look at spread, at 470 basis points over Treasuries right now, that's about ... <br/> Feb 25 - Fitch Ratings has published the latest edition of its quarterly European High-Yield (EHY) chart book, which illustrates recent trends in high-yield bond issuance, maturities, default rates, fund flows and relative performance, as well as secondary market risk-adjusted pricing. Short interest in the High Yield Corporate Bond ETF ( HYG ) spiked 52% in as one fixed income manager after another said the bell is tolling for the junk bond sector. Bill Gross, however, is adding to his high-yield holdings even as he cuts exposure to Treasurys, emerging markets, and MBS. 1 ... By David Merkel : Near this time in 2012, I wrote a piece called " Expensive High Yield ." In it I argued that higher quality high yield bonds were overvalued, but that CCCs might still have some play. Here was my conclusion: Whether I look at the Merrill High Yield Master 2, BBs, or Bs, junk bonds ... By Morningstar : By Timothy Strauts With record fund inflows in 2012, investors clearly have an appetite for high-yield bond funds. The strong investor demand lowered credit spreads, and the high-yield category returned over 14% last year. While yields have been falling, high yield is the only bond ... (The following statement was released by the rating agency) Link to Fitch Ratings' Report: High-Yield Healthcare Checkup: Comprehensive Analysis of High-Yield U.S. Healthcare Companies http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=691001 Jan 16 - Fitch Ratings today ... Short interest in the iShares high yield ETF ( HYG ) hits a record high amid ideas the long junk-bond rally is coming to a close. After an impressive multi-year run, BAML's high-yield index yields just 6% and trades at a hefty premium to par. Return YTD: 15.6%. 1 comment! By By Bondsquawk : Below are details of a High Yield bond issued by Community Health Systems. As part of Bondsquawk’s High Yield Portfolio released earlier, this bond offers an investor an opportunity to capture high income with the potential for price appreciation. Community Health Systems (CUSIP ...