AllianceBernstein's Smith Sees High-Yield Returns Topping 10% in 2023

The video discusses the potential for strong credit returns in 2023, particularly in high yield investments, with expected returns over 10%. It highlights the transition from inflation concerns to growth concerns, which may lead to wider spreads and higher defaults. This environment presents buying opportunities for investors, with current yields being attractive compared to historical levels. The video also compares current yields on T-bills and corporate bonds, emphasizing the benefits for long-term investors despite short-term volatility.

What comparison is made regarding the yields of T-bills and high yield corporate bonds?

What is mentioned about the volatility of returns for long-term investors?