Meet the Street: Picking Some Junk Bond Winners and Losers

As more investors turn to the high-yield market to get better returns on their money without having to endure the whipsaws of the stock market, evaluating these bonds becomes increasingly important.

After all, most junk bonds are issued by fallen companies that carry lower-grade credit ratings and are at some risk of default. In return for that risk, the average high-yield coupon rate runs about 12%.

Matt Zolin High-Yield Technology Bond Analyst, Lehman Brothers

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