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Article: Garbage collectors: junk bonds shed their dirty reputation.
- Article from:
- Entrepreneur
- Article date:
- August 1, 1997
- Author:
CopyrightCOPYRIGHT 1997 Entrepreneur Media, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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So far, 1997 has been anything but a picnic for investors, unless you're rooting for the ants. Volatility in the stock and bond markets and unpredictable interest rate moves have made investing a party you might not want to be invited to. But if every cloud has a silver lining, every investment strategy has a secret weapon, and this one can be found at the bottom of the barrel - junk bonds.
Don't flip that page: Junk bonds have come a long way, baby. The last many investors heard about junk bonds or, as they're called in polite society, high-yield corporate bonds, might have been in connection with leveraged buyouts, corporate raiders, Drexel Burnham Lambert, the ...