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.
More on this topic
(What's this?)
High Yield is Now Expensive
(Value Investing, 2/11/12)
On Junk Bonds
(ValueWalk.com, 1/27/12)
Threadneedle stays defensive in high yield bonds
(Hedge Fund Blogs From HedgeCo.Net, 7/6/09)
Leave a Comment
