These products pay well above the 10 - year Canadian government rate, but they are riskier to own — the higher coupon corresponds to a higher chance of default. (canadianbusiness.com)
Isn't a home that has greater upfront risk protection and a lower chance of default much more valuable? (valueinsured.com)
The reason their clients receive a higher yield is because they own bonds with a greater chance of default. (globeinvestor.com)