junk bond


: a high-risk bond that offers a high yield

Examples of junk bond in a Sentence

Recent Examples on the Web But returns on Asian junk bonds have been negative since February, according to ICE BofA data. Frances Yoon, WSJ, 28 June 2023 No celebrities break the fourth wall in a bubble bath to explain junk bonds. David Fear, Rolling Stone, 9 Sep. 2023 Stick with high-quality investments Steer clear of corporate junk bonds or emerging market bonds, CNN has previously reported. Ramishah Maruf, CNN, 27 May 2023 Indexes tracking everything from Treasurys to junk bonds have posted modest gains following their historic selloff last year. By akane Otani, WSJ, 30 June 2023 Now, both rating agencies have a positive outlook on Detroit's debt — and experts see the possibility that Detroit could shed its junk bond status in a year or two. Susan Tompor, Detroit Free Press, 29 June 2023 But as the deadline for an agreement to avert a U.S. debt default loomed, Treasury bills due in early June were priced as the near equivalent of junk bonds. Jeff Sommer, New York Times, 2 June 2023 Bad asset liability management A former Drexel Burnham junk bond king, Milken chastised bankers for violating Finance 101. Peter Cohan, Forbes, 3 May 2023 The 1980s junk bond king turned 21st-century philanthropist is once again taking over the Beverly Hilton in California, bringing together 3,500 bankers, investors and government leaders for four days of presentations and parties starting Sunday. Min Jeong Lee, Fortune, 29 Apr. 2023 See More

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'junk bond.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

1974, in the meaning defined above

Time Traveler
The first known use of junk bond was in 1974

Dictionary Entries Near junk bond

Cite this Entry

“Junk bond.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/junk%20bond. Accessed 10 Dec. 2023.

Legal Definition

junk bond

see bond sense 2

More from Merriam-Webster on junk bond

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