A chart of yields across a number of fixed income sectors (via David Schawel). High yield bonds...

|By:, SA News Editor

A chart of yields across a number of fixed income sectors (via David Schawel). High yield bonds may be pricey on an absolute basis, but the spread to Treasurys remains a relatively large one. As for Treasurys themselves, they're long on duration, short on yield: return-free risk.