Should You Be Shopping for Junk Bonds in This Market?
Given that interest rates are likely to rise further, and that junk bond valuations have declined over the last year and a half, investors may want to shop for a little junk to add to their portfolios.
The last few weeks have seen the high-yield bond market in the news for all of the wrong reasons. Third Avenue Focused Credit Fund -- a mutual fund that specialized in investing in high-yielding loans and securities issued by struggling companies -- halted redemptions.
Johnson, Robert, "Should You Be Shopping for Junk Bonds in This Market?" (2016). Faculty Publications. 325.