Essele says, who calls this disconnect " the main structural pitfall" of junk bond ETFs.

Essele说到，他将这种脱节称为垃圾债券ETFs的“主要结构性陷阱”。

On average, junk bonds yield 4.77%, compared to less than 1.1% for bonds overall.

平均而言，垃圾债券的收益率为4.77%，而债券整体收益率不到1.1%。

But the experts are quick to point out that this benefit is only in comparison to holding individual junk bonds.

但专家很快指出，这种收益只是与持有个人垃圾债券相比较而言。

The US junk bond market is shrinking.

美国垃圾债券市场正在萎缩。

So What are junk bonds? Some quick background: Companies can raise money by issuing equity (stocks) or debt (bonds).

所以什么是垃圾债券？以下是简单的背景介绍： 公司可以通过发行股票或债券筹集资金。

Boyd says it might benefit you to think of junk bonds as an add-on to your equities holdings.

Boyd表示，把垃圾债券看作是对你所持股票的附加投资可能会对你有好处。

She is one Kit Kat away from junk bond status.

她就是个猛啃巧克力的垃圾股。

Yeah, you told me. -It's all manipulated with junk bonds.

对 你告诉过我 -都是垃圾债卷在操作。

She says there are a few reasons why the junk bond supply is significantly smaller now.

她表示，目前垃圾债券供应量明显减少有几个原因。

And then in the eighties, you had the birth of junk bonds.

然后在八十年代， 垃圾债券诞生了。