What is Junque?
1.
Seemingly useless or out-of-date items with a certain
"I always find some neat junque when I go to the flea market."
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2.
a higher quality high yield bond. One rated BBB or BB, and not CCC or D.
Junque bonds are usually temporary downgrades like GM and Ford bonds that have a high yield and still a good margin of safety.
I reccomend junque bonds to clients as a good way to leverage yield in an otherwise short duration portfolio.
Word to your fucking mom!
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