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Asset Class
Fixed Income
Junk Bond
Junk Bond
Nickname
Junk
Plural Name
Junk Bonds
Parent Asset Class
Fixed Income
Junk bonds are bonds issues to companies with poor credit
More about Junk Bond
Related Topics
Entities
Drexel Burnham Lambert
Fear & Greed Index
Terms
Fixed Income Terms
Rising Star
Experts - People
David Tepper
Ivan Boesky
James Stewart
Mike Milken
Publications that discuss Junk Bond
Extraordinary Popular Delusions and the Madness of Crowds
Book
2003
The Predators' Ball
Book
2020
How to Make a Fortune from the Biggest Market Opportunities in U.S.History
Book
Investing in Junk Bonds
Book
2018
Bankruptcy, Credit Risk, and High Yield Junk Bonds
Book
How to Make Money with Junk Bonds
Book
Contract Income Alert
Newsletter
How to Invest
Index
Fear & Greed Index
Notes
They are riskier than
bonds
issues to companies with good
credit
(and thus
yield
more)
Investors
tend to buy
junk bond
s during
bull market
s
During good times the risk of
default
seems low
Investors
tend to flee
junk bond
s during
bear market
s
During bad times junk companies are the first to go bankrupt
Junk bond
s tend to trend and reverse with equities
They are often the last line of claims
next
to
equity
and the closest to it