AdvisorShares: Hedged High Yield: Is It a True Hedge?
February 05, 2014 at 06:00 AM EST
A strategy that we have seen emerge over the past year within the high yield market has been “hedged high yield.” The gist of the strategy here is to go long high yield bonds and short Treasuries. The basic premise is that the strategy will hedge interest rate risk, with any bond pricing decline...