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What Is A Junk Bond? |
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Answer» A junk bond, also KNOWN as a "high-yield bond" or "speculative bond," is a bond rated "BB" or lower because of its high default risk. Junk bonds typically offer INTEREST RATES three to four percentage points higher than SAFER GOVERNMENT issues. A junk bond, also known as a "high-yield bond" or "speculative bond," is a bond rated "BB" or lower because of its high default risk. Junk bonds typically offer interest rates three to four percentage points higher than safer government issues. |
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