This is a catch-all phrase for bonds that are of sub investment grade quality and are therefore higher risk than safer equivalents.
This is a catch-all phrase for bonds that are of sub investment grade quality and are therefore higher risk than safer equivalents.
Typically junk bonds are high yield as they have to offer a decent return to compensate buyers for the extra risk. Two factors contribute to junk status – the quality of the issuer and the quality of the bond.
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