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Risk Builds as Junk Bonds Boom | |
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August 16, 2012 The market for junk bonds, risky corporate debt that pays high interest rates, is red hot. Such debt, also known as high-yield bonds, has returned 10.2 percent year-to-date, according to a JPMorgan high-yield index. Junk bond funds are on a pace to take in a record amount of money this year. Companies with less than stellar credit are issuing hundreds of billions of dollars of bonds, the New York Times reports. Source: http://www.cnbc.com/id/48685269?__source=RSS*tag*&par=RSS |
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