top | item 33979517

(no title)

strangeattractr | 3 years ago

Junk bonds are bonds with high credit risk, what’s wrong with selling them to customers who are after high yields?

discuss

order

yarky|3 years ago

It's not like junk was a part of the name right?

bilvar|3 years ago

Didn't they get credit agencies to rank them as premium and not junk though? I think that we know they were junk after the fact.

mlrtime|3 years ago

Junk bonds are just High Yield bonds at a certain rating. GS doesn't set the Price/Yield or the rating.