At present, CCC bonds offer returns of approximately 15%. Based on statistics from S&P, accepting this gamble means earning a 15% APR while facing a scenario where more than one in four CCC issuers defaults within a year.
Alternatively, you can secure nearly double that rate through Arbitrage by @boros_fi. This option delivers a delta neutral fixed yield, completely removing any need to underwrite junk credits.
Alternatively, you can secure nearly double that rate through Arbitrage by @boros_fi. This option delivers a delta neutral fixed yield, completely removing any need to underwrite junk credits.
