HYT - HYT: If You Must Buy High Yield Buy It At A Discount

• HYT is one of my preferred ways to play high yield corporate bonds, as it has performed well over time and routinely trades at a discount to NAV.
• The fund's current discount is just under 5%, which is still a reasonably attractive entry point.
• While HYT has plenty of bullish momentum, I am approaching it cautiously because the high yield sector has seen an uptick in defaults.

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