Market Vectors ETF Trust has launched the Market Vectors Treasury-Hedged High Yield Bond ETF (THHY) to bet long on high-yield corporate bonds and shorting Treasury notes.

THHY has a net expense ratio of 145 basis points. It is benchmarked to the Market Vectors U.S. Treasury-Hedged High Yield Bond Index, which was designed to provide exposure to below-investment grade corporate bonds, denominated in U.S. dollars, and, through the use of 5-year U.S. Treasury notes, to hedge against the price sensitivity to interest rate fluctuations of the bonds included in the Index.

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