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High-yield bond - Financial definition

Tags: 
Translations:      FR  obligation à haut rendement (n.f.) , obligation spéculative (n.f.)     ES  bono de alto rendimiento (n.m.)     DE  hochverzinsliche Anleihe (n.f.) , Junk Bond (n.m.) 
Synonyms:  junk bond, non-investment-grade bond, speculative-grade bond

Concise definition of the term high-yield bond

A high-yield bond is a bond issued by a company or organization which does not - or no longer - qualify for investment-grade ratings by the leading rating agencies.

Comprehensive definition of the term high-yield bond

Also known as junk bonds.

Additional information related to this definition

Definitions of related terms

Bond  •  Rating agency

Articles in relation with this definition

How to Calculate the Price of a Coupon Bond: A Comprehensive Guide  •  Measuring Interest Rate Risk and Credit Risk for Bonds: Exploring Duration, Convexity, and PVBP

Formulas related to this definition

Accrued interest rate of a bond  •  Bond yield quick approximation  •  Convexity of a bond  •  Formula for Calculating the Price of a Coupon Bond  •  Yield of a coupon bond

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