Market Vectors’ Fran Rodilosso on the “Coupon Clipping” Year in High Yield and His Outlook for 2014

NEW YORK--(BUSINESS WIRE)--The image of “coupon clippers” physically removing the interest coupons from bond certificates and presenting them for their periodic interest payments is not typically one that would be associated with the high yield universe, but 2013 was not a typical year. According to Fran Rodilosso, fixed income portfolio manager with Market Vectors ETFs, this year was the first “coupon clipping” year for high yield in at least two decades.