High yield bonds, AKA "junk" bonds, have an identity crisis. They show up in our portfolio under the category of "bonds", but in reality, they move more like the stock market than the bond market. They have characteristics of both bonds and stocks - and may be an important part of your portfolio.
High yield bonds, AKA "junk" bonds, have an identity crisis. They show up in our portfolio under the category of "bonds", but in reality, they move more like the stock market than the bond market. They have characteristics of both bonds and stocks - and may be an important part of your portfolio.
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