As you can see here the tide has turned against junk bond investors.
From The Wall Street Journal:
The oil bust is exposing cracks in the $1.3 trillion junk-bond market, putting pressure on a key source of corporate financing and potentially crimping economic growth.
U.S. junk-bond prices have fallen 8% since late June, according to data from BarclaysPLC. One-third of that drop has come this month alone, putting the market on track for its worst annual performance since the financial crisis.
While much of the stress has been in the energy sector on the heels of the sharp decline in oil prices, lately the woe is spreading across the junk market.
Each of the 21 high-yield sectors in a U.S. junk-bond index tracked by J.P. Morgan Chase& Co. registered losses in the five days ended Dec. 9.