Investors Trading Academy--- Junk Bond垃圾債券

Investors Trading Academy--- Junk Bond垃圾債券
發佈日期：2015年2月22日
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is a “Junk Bond” A junk bond is exactly the same as a regular bond. Junk bonds are an IOU from a corporation or organization or country that states the amount it will pay you back called the principal, the date it will pay you back known as the maturity date and the interest it will pay you on the borrowed money. Junk bonds differ because of their issuers' credit quality. All bonds are characterized according to this credit quality and therefore fall into one of two bond categories, investment grade and junk. These are the bonds that pay high yield to bondholders because the borrowers don't have any other option. Their credit ratings are less than pristine, making it difficult for them to acquire capital at an inexpensive cost. Junk bonds are typically rated 'BB' or lower by Standard & Poor's and 'Ba' or lower by Moody's. Junk bonds are risky investments, but have speculative appeal because they offer much higher yields than safer bonds. Companies that issue junk bonds typically have less-than-stellar credit ratings, and investors demand these higher yields as compensation for the risk of investing in them. A junk bond issued from a company that manages to turn its performance around for the better and has its credit rating upgraded will generally have a substantial price appreciation.
By Barry Norman, Investors Trading Academy
欢迎来到财务条款和事件的投资者交易学院讲词汇。 我们一天的词是“垃圾债券” 垃圾债券是完全一样的普通债券。垃圾债券是从，指出它会还给你所谓的本金数额，它会还给你被称为到期日的利息，将支付你在借钱的日期一个公司或组织或国家的欠条。垃圾债券，因为他们的发行人的信用质量不同。根据该信贷质量全部债券的特点，因此分为两个类别的债券，投资级和垃圾之一。 这些都是支付高收益债券持有人，因为借款人没有任何其他选择的债券。他们的信用评级低于质朴，使得他们很难获得资金以低廉的成本。垃圾债券通常被评为“BB”或标准普尔降低和'巴'或更低穆迪。 垃圾债券是有风险的投资，但有投机的吸引力，因为它们的价格收益率比国债更安全的高得多。这个问题的垃圾债券公司通常低于恒星信用评级，而投资者要求这些更高的收益作为补偿投资人的风险。从一个公司，它成功地把周围的性能好，具有其信用评级升级一般都会有大幅的价格升值发行的垃圾债券。