High Yield Bond Market

[Mr._johngalt]

Quote:

Originally Posted by mathjak107 well theres another reason they are stinkie!

Maybe, but it was nice while it lasted.

JG

[audreyh1]

nm

[ERD50]

Quote:

Originally Posted by Mr._johngalt Just found out yesterday that my largest directly owned "Hi yield bond" is called. I was getting 7.375%. Doh! JG

Just me, but I would not want to hold individual junk bonds. Vanguard can still have them called or have a default, but they have hundreds, so overall impact is small.

-ERD50

[Mr._johngalt]

Quote:

Originally Posted by ERD50 Just me, but I would not want to hold individual junk bonds. Vanguard can still have them called or have a default, but they have hundreds, so overall impact is small. -ERD50

I basically agree. I bought these when they were rated "on the junk bond cusp" and then
they got downgraded. NAV plummeted (not a problem as long as the checks keep flowing). Recently the NAVs took off like a skyrocket
so the "call" was not surprising, albeit disappointing as I was happy to hold.

JG