A rare financial slang term for European high-yield (junk) bonds — debt instruments rated below investment grade issued by European companies or governments. The term mirrors the American 'junk bond' terminology popularized in the 1980s and simply adds the 'Euro-' prefix. Found mainly in financial journalism and trading desks of the era; not in common circulation today.
The fund had been quietly accumulating Eurojunk positions for months before the spreads tightened.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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(finance, rare, slang) European junk bonds.
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