Junque

What is Junque?

1.

Seemingly useless or out-of-date items with a certain je ne sais quoi. The "another man's treasure" part of the old saw.

"I always find some neat junque when I go to the flea market."

See kitsch, vintage, tchotchkes, clutter

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!

See the prophet
14

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