Description of investments with high rates of return. Generally, a high yield...
Bonds rated BB (Ba) or lower by Standard & Poor's Corporation and Moody's Investor Service. High yield bonds are lower quality than investment grade bonds and have greater credit risk.
A high-risk, non-investment-grade bond with a low credit rating, usually BB or lower; as a consequence, it usually has a high yield.
High-performance bond issued by expanding institutions that require financing for their rapid expansion. The risk of defaults is possible and investors would therefore be advised to diversify risk using a fund.
A high-risk bond with a credit rating that is below investment grade. Also known as a’ junk’ bond, a term meant often used pejoratively to suggest its potential lack of worth.
(go to top) A type of event driven hedge fund investment strategy focusing on sub-investment grade fixed-income securities (also known as "junk bonds") of companies that show significant upside potential.
In the context of hedge funds, a style of management that focuses on low rated fixed income securities.
In single- and multiple-price auctions, the highest yield accepted and awarded. In a price-based auction, it is the yield associated with the lowest price accepted.