Junk-Bond Yields Don’t Provide Much of a Cushion Against Inflation
July 22, 2021 at 14:18 PM EDT
Junk-bonds’ power to beat inflation is fading — the gap between them has shrunk to a three-decade low of just 0.75%. Yet another setback for retirees who view traditional fixed-income investments as a secure way to fund a long retirement. The gap between yields on junk bonds and the annualized...
