Earn Up to 10% on Your Money.

3%-4% HIGH-YIELD BONDS High-yield "junk" bonds are issued by companies with below-investment-grade ratings. PGIM HIGH YIELD (PHYZX, 4.1%), which focuses on higher-rated junk (that is, bonds rated double- and single-B), has placed in the top performance decile of high-yield funds over the past decade. 1%-3% INVESTMENT-GRADE BONDS In normal times, the core of a typical fixed-income portfolio comprises investment-grade bonds issued by the U.S. Treasury, government agencies and corporations that provide income without large fluctuations in bond price. But today, the sub-5% average yield for "high-yield" bonds is extremely low by historical standards, a function of the current low-interest-rate regime and tight spreads between junk and investment-grade bonds. [Extracted from the article]