Is It a Junk Bond?

In a world of zero bound interest rates before the Fed starts raising rates, 9% to junk bond. It's worth it. You can get junk bonds here in the United States for six. Is that seven and a half percent really look like a junk bond? When the Fed is talking about going to five and a half or six. This is the new reality. Everybody has to kind of recalibrate what they think the cost of money actually is."