High-yield Debt
In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade. These bonds have a higher risk of default or other adverse credit events, but typically pay higher yields than better quality bonds in order to make them attractive to investors.
Read more about High-yield Debt: Flows and Levels, Risk, High-yield Bond Indices, European Sovereign Debt Crisis
Famous quotes containing the word debt:
“... the novel, as a living force, if not as a work of art, owes an incalculable debt to what we call, mistakenly, the new psychology, to Freud, in his earlier interpretations, and more truly, I think, to Jung.”
—Ellen Glasgow (1873–1945)
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