Junk bond funds

Junk bonds still can't get no respect, but they have rebounded from the depths in the last month. Many are up 10% from bottom levels as nibblers have been attracted to their high interest rates while other rates have fallen. Junk bond funds still offer yields of 10-11% at a time when other yields are only 3, 4 or even 5%. Their yield spread over the Treasury bond is 700 basis points. Junk bond funds deserve more respect in today's troubled markets!