That's not the yield, but the long-term growth rate, accounting for defaults. But yes, for a while 5% was a typical junk bond yield. As of last month, though, i

That's not the yield, but the long-term growth rate, accounting for defaults. But yes, for a while 5% was a typical junk bond yield. As of last month, though, it shot up to ~8 percent, or 10 for B-grade. https://news.ycombinator.com/item?id=22817962 https://news.ycombinator.com/item?id=22817962