High Yield Bonds Explained: What Makes Them the "Equity of Fixed Income" | Portfolio Manager Views Podcast

High Yield Bonds Explained: What Makes Them the "Equity of Fixed Income" | Portfolio Manager Views Podcast

June 11, 2026 · 30 min · Season 4 · Episode 11

About this episode

The episode explores high yield bonds, their income potential, and their role in investment portfolios.

High yield bonds can deliver strong income - but they’re often misunderstood. In this episode, Alexandra Gorewicz of TD Asset Management is joined by Anthony Imbesi to break down what really drives returns, why defaults aren’t as risky as they seem, and how high yield can behave more like equities than traditional bonds. From myth-busting to portfolio strategy, they explore how high yield can enhance income and diversification - and whether it deserves a bigger role in today’s portfolios.

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