I've been interested in the world of individual corporate bonds, and after taking a look at the Yahoo screener, noticed a lot of bonds from banks like BoA and Barclays that were like this: http://ift.tt/2ixOgSE
My understanding is that this bond will pay a flat 12% interest rate each year, and even more yield at maturity?
What is the catch? 12% seems extremely good, and I don't foresee BoA going bankrupt in the next 14 years.
Thanks in advance for any insights.
Submitted January 16, 2017 at 06:48AM by metaSHODAN http://ift.tt/2iD3NE7
