Boy, you could have done pretty well for yourself if, at the beginning of the year, you ignored all those pundits who said to only buy the debt of the safest, AAA-rated companies.
Junk — surprise, suprise — has had a killer year, and as Bespoke notes, speculators investors have pushed the junk ETF to the highs of the year.
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See Also:
- The U.S. Junk Bond Bubble Is Accelerating
- S&P: Whoops, We Wildly Overestimated Junk Bond Default Rates (HYG)
- Will The Junk Bond Shortage Help Business Credit Lines Open Up?