Jan 3, 2012 Marketplace's Paddy Hirsch explains why high-yield bonds are just as risky as used auto parts.
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.