High - yield bonds are issued by corporations with lower credit quality ratings. (franklintempleton.com)
High yield bonds are subject to additional risks, such as increased risk of default and greater volatility because of lower credit quality of the issues. (soundmindinvesting.com)
Trying to sell a long maturity, low credit quality bond in a weak market is a worst - case scenario because you have to shop extensively just to get a bid. (aaii.com)