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• n  a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit

• junk bond

News & Articles

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• Wall Street Trading Desks Defying Second-Quarter Curse
  Wall Street banks, buoyed by record stock-market prices and high-yield bond issuance, probably will report a jump in second-quarter trading and investment-banking revenue from the same period a year ago.
  June 19, 2013 - Bloomberg
• New High-Yield ETF to Track Global Short-Maturity Bonds
  Invesco PowerShares plans to launch a new ETF this week that invests in global high-yield bonds with shorter maturities to protect against the risks of rising interest rates. PowerShares Global Short Term ...
  June 18, 2013 - ETF Trends via Yahoo! Finance