A high paying bond with a lower credit rating than investment-grade corporate bonds, Treasury bonds and municipal bonds. Because of the higher risk of default, these bonds pay a higher yield than investment grade bonds.
Based on the two main credit rating agencies, high-yield bonds carry a rating below 'BBB' from S&P, and below 'Baa' from Moody's. Bonds with ratings at or above these levels are considered investment grade. Credit ratings can be as low as 'D' (currently in default), and most bonds with 'C' ratings or lower carry a high risk of default; to compensate for this risk, yields will typically be very high.
Also known as "junk bonds".
Life Insurance and Retirement - A Good Idea?
Best Mutual Funds of 2015
Relationship of Social Security and Jobs
Merits of Currency Hedging
Is Infrastructure Spending Really Economic-Friendly?
SEE FOREX TUTORIAL
Principles of Trading: Introduction
Principles of Trading: Charting
Ethical Investing: Its Advantages and Disadvantages
A Guide to Your Personal Income Tax: Essentials
Getting to Know The Federal Reserve
|02:01||Rightmove House Prices||Feb|
|13:00||Bundesbank Monthly Report|
|20:45||BOE Governor Mark Carney Speaks|
|23:45||Producer Price Index||4 quarter|
|02:30||Monetary Policy Meeting Minutes|
|12:00||ZEW Economic Sentiment||Feb|