High Yield Index

A High Yield Index tracks the performance of bonds issued by companies or entities that have a higher risk of default, often called "junk bonds." These bonds offer higher interest rates to compensate for the increased risk. The index provides a snapshot of how these riskier bonds are doing overall, helping investors assess the market for higher-yield, lower-credit-quality debt. It’s a useful benchmark for fund managers and investors interested in the high-yield bond segment of the market, reflecting the collective performance of these bonds across various industries and issuers.