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Junk bonds are bonds with high credit risk, what’s wrong with selling them to customers who are after high yields?
by strangeattractr 4y ago
Junk bonds are bonds with high credit risk, what’s wrong with selling them to customers who are after high yields?
- yarky 4y agoIt's not like junk was a part of the name right?
- bilvar 4y agoDidn't they get credit agencies to rank them as premium and not junk though? I think that we know they were junk after the fact.
- mlrtime 4y agoJunk bonds are just High Yield bonds at a certain rating. GS doesn't set the Price/Yield or the rating.