Seemingly useless or out-of-date items with a certain je ne sais quoi. The "another man's treasure" part of the old saw.
by The Vagabond's Apprentice June 7, 2006
a higher quality high yield bond. One rated BBB or BB, and not CCC or D.
Junque bonds are usually temporary downgrades like GM and Ford bonds that have a high yield and still a good margin of safety.
Junque bonds are usually temporary downgrades like GM and Ford bonds that have a high yield and still a good margin of safety.
I reccomend junque bonds to clients as a good way to leverage yield in an otherwise short duration portfolio.
Word to your fucking mom!
Word to your fucking mom!
by the prophet March 26, 2003