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    In these times where every basis point counts, hybrids stand tall, offering the highest yields for an investment grade credit rating. As a reminder, a credit rating is simply an opinion of the likelihood that a bond will default during its time on issue. While hybrids...

    Many yield-focused investors have gravitated toward hybrid securities in recent years, but most people do not take the time to really understand some of the unique features contained deep in the offer documents of these securities. This article aims to cut through the jargon and...