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":
... 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 ... by two notches to A, over concerns about its state debt and public finances on 28 April ...
... 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) ...
Famous quotes containing the word debt:
“Good government cannot be found on the bargain-counter. We have seen samples of bargain-counter government in the past when low tax rates were secured by increasing the bonded debt for current expenses or refusing to keep our institutions up to the standard in repairs, extensions, equipment, and accommodations. I refuse, and the Republican Party refuses, to endorse that method of sham and shoddy economy.”
—Calvin Coolidge (18721933)