Hi
I'll give this one a go
Yes your logic appears correct to me! The use of the phrase 'high yielding' typically refers to below investment grade bonds (eg less than bbb).
I wouldn't get too hung up on it though - I think you have the key point (gry on bonds capture the total return whereas the dividend yield only captures a portion of the total equity return).
Hope that helps.
Last edited: Aug 25, 2012