Junk to the rescue

Published: November 12, 2012

Speculative-grade bonds have been the answer for yield-starved investors in 2012. Some argue they’re becoming too risky and expensive, but issuers’ fundamentals appear strong.

Defaults drop

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The number of defaults in the past two full years and year to date has been 22%, 22% and 41%, respectively, below the median number of defaults since 1980.
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