The dangers of today’s low-yielding, high-yield market
有名无实的高收益债券的危险
There are risks in buying corporate junk bonds that offer the same returns as US Treasuries did two years ago
现在的企业垃圾债券的回报率与两年前的美国国债相同，构成了巨大的风险。
The high-yield bond market needs a new name.
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