Market Currents
Junk bonds are on a tear, but in this climate it takes a strong constitution to ride out the...
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Saturday, July 28, 2012, 8:00 AM ETJunk bonds are on a tear, but in this climate it takes a strong constitution to ride out the hills and valleys. Short-term high-yield bonds may offer a smoother ride - even a risky company could make good on debt in a year while being a less safe bet to repay debts that are longer term.
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