The high-yield market had enormous growth last year, posting a record 57% return. Granted, that was largely due to the fact that 2008 was so bad, but still, 57% is 57% for investors who were brave enough to be in the market for the full year.

But as things have stabilized, the returns won’t be as easy this year. So the ever-present question looms: How does high-yield look going forward?

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