It is barely above the level for high-risk, or junk, bonds.

Since last year, the market for these high-risk bonds has been extremely volatile and prices of many issues are down sharply.

It had been among the largest buyers of high-risk "junk bonds" in the past decade.

General Media was privately owned until 1994, when it offered the public high-risk bonds and divided its operations in two.

Still other life insurers have reported serious problems from their investments in high-risk "junk bonds" or commercial mortgages.

Companies 7-Eleven's owner delayed plans to take the company private, because of the unreceptive climate for high-risk bonds.

Why take the chance they will lose billions more by investing in exotic, high-risk "junk bonds"?

Nevertheless, prices for the high-risk, high-yield bonds drifted lower during the day, market participants said.

The bank's investment paid off handsomely when prices of the high-risk bonds bounced back strongly.

The market for high-yield high-risk bonds seems to be experiencing setbacks on every front.