Since his release, the "junk bond king" has remained in the spotlight, this time mainly for his charitable donations and focus on education and medical research. Michael Milken was born on July 4 ...

Unfortunately, the high-profile fall of "Junk Bond King" Michael Milken damaged the reputation of high-yield bonds as an asset class. Emerging market debt and convertible bonds are the main ...

It costs $5,000 to join Ned’s Club, a lavish private club top three floors of the Walker Building in Northwest D.C., and membership is another $5,000 a year.

High-yield bond holders aren't asking for much of a premium above ultra-safe U.S. Treasurys. Time to own quality. Junk-bond investors are giving zero odds to a global trade war. They are almost ...