Does this positive yield guarantee a positive return in two years time?

U.S. Junk Bond Market Sets Record-Low Coupon in Relentless Rally By Paula Seligson and Gowri Gurumurthy August 10. 2020, 12:01 PM PDT Updated on August 10, 2020, 1:26 PM PDT Ball Corp. sold $1.3 billion of junk bonds at record-low yields amid a rally triggered by the Federal Reserve's historic support for the market and heavy inflows into funds that buy the risky debt. The aluminum packaging company priced the 10-year notes at a 2.875% yield, according to a person with knowledge of the matter. That's the lowest-ever for a U.S. junk bond with a maturity of five years or longer, according to data compiled by Bloomberg. The debt deal comes amid a surge in issuance from high-yield borrowers seeking to cut interest expense on existing debt as yields approach unprecedented lows of 4.95%. They closed Friday at 5.31%. Yields Plummet Junk-bond yields close to record low of 4.951 Moorribery Barclays US Corporate High Yield . Yield to Mort 12.00 11.00 10.00 200 2015 3016 2013 2018 2019 2030 Jource: Bloomberg data Companies are capitalizing on a credit rally that keeps on giving, initially sparked by the Fed's foray into the market in March and since supported by months of heavy inflows. Investment-grade firms are reaping the benefits too, with yields at an all-time low of 1.82%. The market dynamic has been a boon for companies eager to raise liquidity and push out maturities during the Covid-19 outbreak. About 40% of high-yield deals sold last week priced at a yield of less than 4%. Ball, which is rated just one notch below investment grade, has benefited from higher consumer demand for its aluminum beverage cans as more people eat at home during the pandemic, according to its earnings released last week. It originally sought to borrow $1 billion but was able to boost the size of the deal by $300 million, the person said. The company first sounded out investor interest for a yield of around 3%, the person said. It will use proceeds to repay borrowings from its revolving credit facility, as well as repurchasing its 5% senior notes due in 2022. Goldman Sachs Group Inc. led the bond sale, the person said