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# High Yield Term

High Yield Term is Steakhouse Financial's fixed-rate enhanced-return product line, targeting durations up to 3 months with a 10% liquidity sleeve in High Yield Instant. It accepts CC-rated or above collateral and will rely on Morpho's upcoming fixed-term loan product and Steakhouse's in-house Box extensions. Most High Yield Term vaults are currently in active development.

## Strategy

:::info
For more on [Term](/docs/products/stablecoin-products/blocks/term) strategies
:::

Offer access to a wide range of repo markets and fixed income product (for Plus products).

* [Risk rating](/docs/risk-management/collateral/collateral-standards) underlying: CC or above
* Maximum duration/maturity underlying: 2 years
* Aggregated target duration/maturity: 3 months
* Concentration limits:
  * CC are capped to 25% concentration limit
  * B and BB are capped t 50% concentration limit
* Target liquidity sleeves: 10% in a [High Yield Instant](/docs/products/vault-products/current/high-yield-instant) product
* High Yield Term products can have a fee up to 10% of performance fees

Most of these vaults are in active development, and will rely on Morpho's upcoming fixed-term loan product as well as our own in-house Box extensions.

:::success
Available on the Steakhouse App by filtering for [Term](https://app.steakhouse.financial/earn?vault-tags=Term)
:::

| Name | Currency | Blockchain | Version | Vault Address |
| --- | --- | --- | --- | --- |
| Steakhouse High Yield Term USDC Ethereum | USD | Ethereum | Morpho v2 | `0xBEEFFFC57A26fD8D3b693Ba025ead597DbECEBfe` |

Plus vaults will be built on our Steakhouse platform and feature illustrative allocations, such as PT rolling strategies:

| Allocation     | Exposure | Risk rating | Liquidity | Yield |
| -------------- | -------- | ----------- | --------- | ----- |
| bbqUSDC        | 10%      | CC          | 1 day     | 6%    |
| PT-USDai-15JAN | 25%      | CC          | 3 months  | 10%   |
| PT-cUSDO-15DEC | 50%      | BB          | 1 day     | 10%   |