Why BBB can be betterthan CCC

There are some common misperceptions that exist with the high-yield asset class. By high yield, I am talking about sub-investment grade bonds or 'junk' bonds as the press likes to talk about them sometimes. High yield, sub-investment grade and junk are pretty interchangeable terms. In particular I am going to discuss: • Some of the assumptions being made about the market • Yields and returns • The size and the diversity of the market Then I'll discuss the part of the corporate bond market that could be of interest to the investor looking for higher-yielding bonds that offer attr...