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High Yield FreshNews:

JGB 10-year yield hits 7-mth high in nervous trade (Reuters via Yahoo! Malaysia News)
Fri, 16 May 2008 05:21:34 GMT
TOKYO, May 16 - The benchmark 10-year Japanese government bond yield climbed to a seven-month high on Friday as nervous investors dumped government debt after a disappointing Bank of Japan buying operation.

10-yr yield at a high, exporters lift rupee to 13-month low (Express India)
Fri, 16 May 2008 22:36:25 GMT
Indian bond yields rose to their highest this month on Friday after inflation raced to a new 3-½ year high, raising concerns that policy steps from the central bank are in the pipeline to curb price pressures.

Corporate High-Yield Closed-End Funds Do Best in April (TheStreet.com)
Fri, 16 May 2008 19:48:16 GMT
Western Asset Emerging Markets and Cornerstone Total Return Fund posted the best fund-specific returns.

NSW Power Assets Sale Estimates May Be Too High, Iemma Says (Bloomberg.com)
Fri, 16 May 2008 06:39:51 GMT
May 16 (Bloomberg) -- Estimates that a sale of power assets by Australia's New South Wales may yield as much as A$16 billion ($15 billion) may be too high, State Premier Morris Iemma said.

Low yield and high risk equal bust (International Herald Tribune)
Thu, 15 May 2008 20:30:01 GMT
The Merrill Lynch deal is now a candidate for the title of the worst mortgage securitization ever.