junk bond

noun

Definition of junk bond

: a high-risk bond that offers a high yield

Examples of junk bond in a Sentence

Recent Examples on the Web Following the invasion, Fitch downgraded Ukraine’s debt rating to CCC, which places it deep in junk bond territory and among some of the least creditworthy issuers around. Christiaan Hetzner, Fortune, 2 Mar. 2022 Milken, whose junk bond empire helped fuel the go-go 1980s, pleaded guilty to securities fraud in 1990 and served two years in prison before remaking his image as a prominent philanthropist. Chase Peterson-withorn, Forbes, 5 May 2022 Thursday’s credit hike from Moody’s comes after the ratings agency last year elevated the state’s credit to two notches above junk bond status from one, the first upgrade for Illinois since Republican George Ryan was governor. Dan Petrella, Chicago Tribune, 21 Apr. 2022 Of the three major ratings agencies, Fitch is the only one that has yet to upgrade the state’s credit from one notch above junk bond status. Dan Petrella, chicagotribune.com, 19 Apr. 2022 Yields in the junk bond market have begun to creep higher. Matt Egan, CNN, 25 Jan. 2022 The junk bond market’s schedule of bond maturity dates. Ivan Illán, Forbes, 26 Oct. 2021 At least three developers defaulted on their dollar debt this month as junk bond yields surged to a decade-high. Time, 22 Oct. 2021 Sinic and Fantasia are more companies added to the growing list of Chinese real estate developers ending up in the junk bond markets. Jj Kinahan, Forbes, 22 Oct. 2021 See More

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'junk bond.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of junk bond

1974, in the meaning defined above

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Time Traveler for junk bond

Time Traveler

The first known use of junk bond was in 1974

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Dictionary Entries Near junk bond

junk art

junk bond

junk bottle

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Statistics for junk bond

Last Updated

30 May 2022

Cite this Entry

“Junk bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/junk%20bond. Accessed 3 Jul. 2022.

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More Definitions for junk bond

junk bond

Legal Definition of junk bond

— see bond sense 2

More from Merriam-Webster on junk bond

Britannica.com: Encyclopedia article about junk bond

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