Investment Grade vs High Yield Bonds: A Complete Guide
How investment grade and high yield bonds differ: rating cutoffs, spreads, default rates, recovery rates, and the math behind credit risk.
credit ratings
Investment Grade vs. High Yield: Credit Ratings, Spreads, and Default Risk
The difference between investment grade and junk bonds comes down to credit ratings, spreads, and default risk. Here’s how to read the credit market’s most important signals.