Snapshots and Updates

High-Yield Jitters and "Risk-Off" Trades

If you are an income-focused investor, you may have noticed cracks are starting to form in many of those enticing high-yielders over the last week. Specifically, high-yield bonds, MLPs, and certain high-yield stocks are dropping as the flight to quality has lifted Treasuries. With this week’s Fed meeting and a possible Brexit on the horizon, investors are nervous. As long-term investors, here’s exactly how we are adjusting our investment portfolio…