[The objective of this glossary is to have terms definitions so we can cross reference with the Taxonomy map and elsewhere]
Bonds
Corporate
High Yield (Junk) -
High Yield describes the bonds that are rated BB+ or below by rating agencies, denoting a high risk product. Given the higher risk, this instruments bear a higher coupon.
Investment Grade -
Investment Grade describes the bonds that are rated BBB- or above by rating agencies, denoting a safer investment