junque
seemingly useless or out-of-date items with a certain je ne sais quoi. the “another man’s treasure” part of the old saw.
“i always find some neat junque when i go to the flea market.”
a higher quality high yield bond. one rated bbb or bb, and not ccc or d.
junque bonds are usually temporary downgrades like gm and ford bonds that have a high yield and still a good margin of safety.
i reccomend junque bonds to clients as a good way to leverage yield in an otherwise short duration portfolio.
word to your f-cking mom!
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