Frankfurt-based Solactive AG announced on Friday that it has released two new fixed-income indices that are designed to provide a snapshot of non-investment-grade bond markets.

Solactive Euro HY corporate index, denominated in euros, and Solactive USD high yield corporate index, in U.S. dollars, are composed of corporate debt issued in developed and developing markets. Both indices are total return indices and are rebalanced monthly.

“This is a premiere for the German index engineer whose branded benchmarks have until now focused on the investment-grade space, thus bringing the company one step closer to offering complete coverage of the fixed-income market,” Solactive’s announcement states.