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.
Other articles related to "debt":
... After the returns upon all classes of investment-grade debt come the returns on speculative grade high-yield debt (also known derisively as junk bonds) ...
... See also European sovereign debt crisis On 27 April 2010, the Greek debt rating was decreased to "junk" status by Standard Poor's amidst fears of default by the Greek Government ... Portugal's credit ratings by two notches to A, over concerns about its state debt and public finances on 28 April ...
Famous quotes containing the word debt:
“They who have been bred in the school of politics fail now and always to face the facts. Their measures are half measures and makeshifts merely. They put off the day of settlement, and meanwhile the debt accumulates.”
—Henry David Thoreau (18171862)