Junk Bonds Are Less Junky. But You Still Must Be Careful.
1. Goldman Sachs claims high-yield bonds are now less risky. 2. Investors find yields attractive despite tight spreads in bonds. 3. Concerns arise as defaults in the junk bond market emerge. 4. Fixed-income investors face decisions between high-yield and investment-grade bonds. 5. Caution is advised in choosing lower-quality junk bonds.