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Investors have been buying stock of some zombies and their “junk bonds,” loans rating agencies deem most at risk of default.

Investors have been buying stock of some zombies and their “junk bonds,” loans rating agencies deem most at risk of default.

The billionaire investor amassed a multimillion-dollar fortune by the 1980s through a number of leveraged buyouts financed by junk bonds sold by Michael Milken.

An exchange traded fund, or ETF, is an easy way to invest in something or a group of things, like gold or junk bonds, without having to take possession of those assets.

Higher-quality junk bonds maturing next year will likely need to refinance at 125-250 basis points higher than their current interest levels, the bank added.