Hiyield007

Why Buy High Yield Bond Funds?

A good article on junk bonds if only to alert investors that during junk bond bear markets the dividends are reduced. My only objection is the default rates on junk bonds are projected to hit record levels in 2009. As an aside, this is now officially the worst junk bond bear market of all time. I never thought I would see anything like 89-90 but this one takes the cake. I am drooling over the prospects of the next next bull market in junk bonds hoping it will be similar to 1991, but it may be a very, very long wait.