Investors should approach corporate bonds simply as lower-beta versions of stocks, says Jeff Waldman, first vice president of global fixed income at CIBC Global Asset Management.

Patrick O’Toole, vice-president of global fixed income at CIBC Global Asset Management, adds these securities are riskier than government bonds, since companies are subject to economic forces.

Fixed-income investors should look to the high-yield market, and the auto sector in particular.

High-yield companies are issuing bonds at record pace.

Investors should know the differences between equity and bond indices.

It may be time to look beyond North America for yield.