No. of Recommendations: 2
Most days I feel like I know just enough about bonds to make me dangerous but one thing (well, two things) I do know is that high yield and shorter duration are less impacted by an increase in interest rates.

In other words, a junk bond maturing in 4 years that is trading at a discount is likely more to do with the credit quality of the underlying company and not a concern over an increase in rates.

Full disclosure: I own the JCP 2017.
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