And the pair, like many Americans, have reached for yield in a junk bond fund.
Last month Nomura announced it was looking into setting up a junk bond trading desk.
He stepped on some used needles discarded in a junk yard four years ago.
Median default probabilities for Singapore corporations have risen 35-fold since January 1997, to 4.2%, a junk rating.
Persuaded that junk could be lucrative, she opened a Junk Market store near Minneapolis and sold castoffs.
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General Motors, now loaded with liquid assets, sells at 3 times enterprise value with a junk credit rating.
He was perfectly positioned by the 1980s to make serious money and headlines as a junk-bond-fueled hostile takeover artist.
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JMB's properties were lost in a junk heap of unneeded new office buildings that hadn't a prayer of finding tenants.
At the height of the art market's last cyclical peak, 1988-89, I wrote that Van Gogh's "Irises" was a junk bond.
Lazard was branded with a junk rating by Moody's Investor Services.
You can easily find a junk bond fund yielding 7%, but if you spend that whole amount you are certain to get poorer over time.
"They became a junk shop, " says Howard Davidowitz, a retail consultant.
There was a junk dealer who came up Columbus -- used to stop at the corner of the open field where the boys played hardball.
That makes them easy to lose in a junk drawer--as we did with a nonfunctional prototype card sent to our offices a few months ago.
The tough policy means that online shops and e-commerce websites will be shut down if the visitors they get have arrived because of a junk mail message.
Gould's story is also framed by another narrator, Sid Hammet, a present-day faker of antique furniture who discovers Gould's book of fish paintings in a junk shop.
In June last year, a British Medical Association report called for a junk food advertising ban and rules governing the nutritional balance of school meals and pre-prepared food.
The new console looks like it has been constructed from items out of a junk shop, including an old typewriter, a telephone, pressure gauges and a Morse code machine.
You are stuck with the name, but anybody who owned a junk bond fund in 1991 and got a 40% or 50% return that year knows it's not junk.
Simons' four key patents, granted by the U.S. between 1993 and 1998, cover the use of variations in a junk DNAsequence to assist in analyzing or identifying genes in the coding regions.
But these refashioned Knicks are not very fun to watch, and nowhere near a lock as a playoff team, not even in a junk division where the sub-.500, paleozoic Celtics sit in second place.
If you buy a junk bond with borrowed funds, you collect the high coupon on the bond while paying out a lower amount, presumably not too much more than what the U.S. government pays to borrow money.
For the ING fund, the two largest at the end of last year--accounting for 8.6% of the portfolio--were units of Charter Communications, rated a lowly B2 by Moody's Investors Service, and Nextel, also a junk issuer with a Ba2 bank-loan rating.
Next they hop on a traditional junk for a sail across Halong Bay, whose waters teem with prawns, oysters, squid and snapper that are staples of the local cuisine.
The resurrection in stocks since March of 2009 corresponded with a momentous junk-bond rally, too, prompting investors take a more skeptical view of high-yield corporate debt.
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