How junk bonds are like junk yards
Paddy Hirsch Jan 3, 2012
Marketplace's Paddy Hirsch explains why high-yield bonds are just as risky as used auto parts.
What is a junk bond?
Paddy Hirsch Dec 16, 2011
Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Well, "junk" bonds are definitely not useless. In fact they're extremely useful. Sometimes. Marketplace Senior Producer Paddy Hirsch explains what a junk bond really is.
