Well, first the good news. You can still earn a 8.96 per cent yield in the bond market by investing in US High Yield CCC or Below rated bonds. Nice, isn't it.
Yes, you've guessed the bad news. You can lose at of money by investing in junk bonds.
Disclaimer: Not really needed, I believe. No one knows when a significant correction or a prolonged bear market comes.
A white male with some professional experience in finance and investing.