$[$Related to the Apply the Concept: "When Stocks Are Risky, Should You Buy Bonds Instead?"$]$ In August $2020,$ an article on

bloomberg.com noted that Ball Corporation, Which aluminum packaging, had issued $$1\mathrm{.}3$ billion worth of bonds with a yield of $2\mathrm{.}875\%.$ According to the article: "That's the lowest$-$ever for a U$.$S$.$ junk bond with a maturity of five years or longer."

What is a junk bond?

A junk bond is a bond with Investors have been willing to buy these bonds despite their low yields since they