And rising prices push yields lower, since yields move inversely to prices. It's Filene's Basement right now. If you have the stomach for it, you ought to invest. Best ways to invest Buying junk bonds is best done through a mutual fund. Professional management and diversification are important.
Defaults are a lot of the reason junk is so cheap now.
That's about twice the usual default rate. In fact, virtually no economists see a recession on the horizon. Fuss and Monrad both think default rates are at or near their peak. That spells opportunity. The Kiplinger Washington Editors, Inc.