Junk. Not a nice word. And when it comes to bonds, not a particularly accurate word, either. Junk is something useless, right? Something you want to toss in the trash? Well, “junk” bonds are definitely not useless. In fact they’re extremely useful. Sometimes. Marketplace Money Senior Producer Paddy Hirsch explains what a junk bond really is.

For more Whiteboard: marketplace.org/whiteboard

Follow Marketplace: @mktplaceradio
Follow Paddy Hirsch: @paddyhirsch

Loading more stuff…

Hmm…it looks like things are taking a while to load. Try again?

Loading videos…