Why everyone wants to lend to weak companies

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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