| 释义 |
DictionarySeehigh-yield bondSpeculative-grade bond
Speculative-grade bondBond rated Ba or lower by Moody's, or BB or lower by S&P, or an unrated bond.High-Yield BondA bond with a low rating. Bonds rated less than Baa3 by Moody's or BBB- by S&P or Fitch are considered high-yield bonds. They have higher yields because they have a higher risk of default on the part of the issuer. High-yield bonds are considered sufficiently high-risk that the law does not allow banks to invest in them. They are also called low-grade bonds, and, informally, junk bonds. |