But the $8 billion figure is the face value of the high-yield bonds.

"But they really do get across the point of what high-yield bonds are all about."

Last year, the total return for high-yield bonds was 28.1 percent, the best ever.

I would have at least 10 percent in good old-fashioned high-yield bonds.

Shouldn't a growing economy be good news for high-yield junk bonds as well?

As for high-yield bonds, there was more talk than trading.

"We can't find anything to buy that looks attractive except high-yield bonds."

But other areas of the debt business, particularly high-yield bonds, remained soft.

Such loans are typically replaced within a year by high-yield bonds.

That, in turn, should make it easier to find buyers for the high-yield bonds, he said.