Credit traders usually discuss in euphemisms. The most accumulate bonds, with the very ultimate credit score ratings and hence the bottom yields, are practically continuously called “high-grade” moderately than “low-yield”. Conversely, the riskier stuff, the build defaults are extra seemingly, is civilly dubbed “high-yield” moderately than “low-grade”. Currently, though, the yield on supposedly high-yield bonds has not been all that high.

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