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But investors should remember that corporate bonds have a bit of a different cadence than government bonds do, in part, because the latter usually have longer terms and tend to be solely an interest rate call. However, with corporate bonds, and high yield bonds in particular, there is always the issue of solvency.So while long term government bonds are down in the past 12 months, high yield bonds have seen gains in the low double digits.got that dichotomy because the risk of bankruptcy is perceived as not being high right now, said Brandon Osten, chief executive at Toronto based Venator Capital Management Ltd. High yield market is moving with a decent correlation to the stock market.

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