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High-Yield Bond

A bond with a low rating. Bonds rated less than Baa3 by Moody's or BBB- by S&P or Fitch are considered high-yield bonds. They have higher yields because they have a higher risk of default on the part of the issuer. High-yield bonds are considered sufficiently high-risk that the law does not allow banks to invest in them. They are also called low-grade bonds, and, informally, junk bonds.


Of or relating to debt that has a credit rating of B or below. Low-grade debt offers an above-average yield but entails substantial risk because promised payments may not be made in a timely manner.
References in periodicals archive ?
Clinical behavior of stage II-IV low-grade serous carcinoma of the ovary.
3-5) The WIHS study shows that receptive anal intercourse triples the risk of low-grade AIN in women with HIV and so may raise the risk of anal cancer in women as well as men.
Low-grade sinonasal adenocarcinomas are grossly papillary or cauliflower-like in appearance, and they are usually soft (although they can be gritty when significant psammomatous calcifications are present).
Specifically, the study evaluated factors affecting decisions to utilize low-grade lumber.
Prospective randomized trial of low- versus high-dose radiation therapy in adults with supratentorial low-grade glioma: initial report of a North Central Cancer Treatment Group/Radiation Therapy Oncology Group/Eastern Cooperative Oncology Group study.
The postoperative diagnosis was low-grade ESS, for which the patient was treated with 3 courses of CAP (cyclophosphamide, Adriamycin [doxorubicin], and Platinol [cisplatin]) at doses of 300, 30, and 50 mg/[m.
So now we have ``Busway's a go'' that we and others decry except as a low-grade compromise.
Amaral said the proposal to increase coffee quality by eliminating low-grade beans represents a "switch in evolution from the short term to the medium term" in the association's approach to boosting prices.
A company spokesman said: "His doctors have told Mr Murdoch the prognosis is very good and that it is an extremely low-grade form of the cancer.
About 5 to 10 percent of people have mild side effects such as headache or low-grade fever, which last for about a day after vaccination.
This study broadens current research and provides a basis for future research on the relative performance of low-grade and high-grade municipal bond funds.
The Phase II portion of the trial will examine the anti-tumor response rate and duration in 30 relapsed, low-grade B- cell lymphoma patients treated with four weekly infusions of the antibody.

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