High-yield 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). These may come from mid and low rated corporations, and less politically stable governments.
Read more about this topic: Risk-return Spectrum, The Progression
Famous quotes containing the word debt:
“There is, of course, a gold mine or a buried treasure on every mortgaged homestead. Whether the farmer ever digs for it or not, it is there, haunting his daydreams when the burden of debt is most unbearable.”
—Fawn M. Brodie (1915–1981)