Re: High Yield Bond Market
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.
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.
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