I still think there's scope for a significant reduction in that discount — after all, junk bond yields just hit 5 %! (wexboy.wordpress.com)
It's also not the time to chase attractive junk bond yields, since they're getting hit by interest rate risk and credit risk at the same time. (novelinvestor.com)
Worst of both worlds in exchange for yield: junk bond yields if things are good, stock market losses if things are bad. (alephblog.com)