The Credit Suisse High Yield Bond Fund, Inc. (DHY) is up 12.25% since bottoming on Dec. 24, 2018. High-yield corporate bond issuers are highly dependent on debt capital markets to rollover their debt and thereby avoid insolvency. The Q4 2018 financial market turmoil and increased recession fears exhibited the difficulties these speculative-grade issuers could face in terms of raising and refinancing debt. These rising risks could prove to be another reason to stay away from high-yield bond funds.
Source: Yahoo! Finance
Prospectus Review:
DHY uses the BofA Merrill Lynch High Yield Master II