Average Yield On Junk Bonds Exceeds 20%
November 20, 2008 at 1:18 pm · Category: Bonds, Macro Economics, Market Commentary, Sentiment Analysis
This is really off the charts in terms of anything we have ever seen.
- Martin Fridson, CEO, Fridson Investment Advisor, a non-investment grade debt specialist
Junk bonds on average now yield more than 20% for the first time ever (BeSpoke Chart).
These kinds of yields suggest widespread concern about the very survival of many of these companies.
It’s also a sign of extreme fear among investors as very few want to hold anything with the slightest bit of risk.
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On Junk Bonds
(ValueWalk.com, 1/27/12)
High Yield Bonds – Risk vs. Return? (Kocik)
(GreenLightAdvisor Views, 10/25/11)
Junk bonds hitting exhaustion gap?
(The Swamp Report, 9/16/09)
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