1.   As investors rush into riskier bonds, their prices rise and yields decline.

2.   Both speculated that prices for riskier bonds would rise relative to benchmark U.S. Treasury offerings.

3.   A recession would also separate the riskier bonds from the higher-quality bonds.

4.   A rally in bonds worldwide this year also is making investors willing to buy riskier bonds to pump up the yields in their portfolios.

5.   Busted convertibles are riskier bonds with double-digit yields and steep conversion premiums.

6.   Higher U.S. rates make riskier Brady bonds less attractive.

7.   Investors typically sell their riskier long-term bonds for less volatile short-term securities when they expect interest rates to rise.

8.   Investors typically sell their riskier long-term bonds for less volatile short-term securities when they feel interest rates may be poised to rise.

9.   Investors typically sell their riskier long-term bonds for less volatile short-term securities when they expect interest rates to rise, causing short-term yields to fall as a result.

10.   Junk rated companies selling new bonds in the quarter got a good reception from investors, who were willing to buy riskier bonds for their extra yield.