Community Health Systems' (CYH) stock returned to near a 52-week low this week as investors continue to struggle with whether the company's turnaround strategy is going to be successful. Investors in the company's near-term bonds have seen their value increase by 10% during the same period. With the company's 2019 bonds set to mature in November, high yield debt investors may want to steer their attention towards the company's July 2020 17% yielding bonds.
Source: FINRA
Before investing in Community Health Systems debt, fixed income investors should understand the difference between its senior