High-yield bond returns continue to climb in 2013

Despite concerns about limited potential for price appreciation and skepticism that high-yield bonds would be able to repeat the stellar returns from 2012, the asset class has continued to post strong returns in 2013. Through May 8, the iBoxx Liquid $ High Yield index is up 5.13% year to date; last year, the index was up 5.95% in the same period. The index returned 14.2% in 2012.