What is the definition of High Yield
- Posted on November 19, 2019
- Financial Terms
- By admin admin
High yield bonds (also known as junk bonds) burst into fashion in the 1980s, with Drexel Burnham Lambert and Michael Milken being the earliest pioneers.
A high yield bond usually has a very high interest rate (typically 3% or more) but is rated as being below investment grade, i.e. very risky.
Be the first to comment!
You must login to comment