(The following white paper on high yield bonds from T. Rowe Price was written by Kevin Loome, portfolio manager for the U.S. High Yield Fund, and Ashley Wiersma, portfolio specialist.) High yield bonds (HY) in our view, have a key role as a strategic long‑term investment and a mainstay allocation in a well‑diversified portfolio. Historically, high [...] The post The Case for a Strategic Allocation to High Yield Bonds appeared first on ETF Trends .