Junk bonds: prepare for more pain

The high-yield or junk bonds market hit the headlines this week, with the failure of Third Avenue Management, the biggest failure of a fund aimed at retail investors since 2008.

773-junk-bonds

The high-yield, or "junk" bond market bonds issued by companies with low credit ratings hit the headlines this week, as the US saw the biggest failure of a fund aimed at retail investors since 2008.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.