high-yield bond

(redirected from Speculative Grade Bonds)
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Related to Speculative Grade Bonds: Investment grade
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Noun1.high-yield bond - a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
References in periodicals archive ?
They also point out that downgrades in speculative grade bonds significantly increase default probability and cost of capital, while downgrades in investment grade bonds create small fluctuations in default probability and cost of capital.
Speculative grade bonds, which performed very strongly in 2012, still yield around 6% on both sides of the Atlantic, which makes them still the most attractive fixed-income asset.

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