In my IRA, I hold a large position in Venezuelan Republic bonds. Venezuela is an OPEC oil producing country in Northern South America. It is run by a dictator that United States does not like. So the nation’s bonds are given speculative grade (High Yield or “Junk”) by Moody’s and “Standard and Poor’s (S&P).” I buy these bonds that have earlier maturity dates because I am an old man. I want to live to use the money. But for people in their 30s or early 40s, they should look at this bond for IRA purchases. 
Venezuela Republic 9.375% of January 13, 2034
It is rated by Moody’s at B2 and S&P at BB-. Ratings have increased in the past 10 years. It pays twice a year, January 13 and July 13 until January 13, 2034. As of this writing, the bond is not on “Credit Watch.” The recent price of the bond is $702.50, yielding 13.642%.
http://deutscheboerse.sh02.de/EN/index.aspx?pageID=108&ISIN=US922646BL74
Look at the bond on the Börse Frankfurt Exchange
That means that if the bond was purchased on July 13, 2011 and kept to maturity, this is what you, the investor would get. On January 13, 2034, you get $1,000 ($1,000 minus $702.50) is an appreciation profit of $297.50. Over the next 22.5 years, you would get $93.75 per year or $2,109.38. In total, the investor makes $2,811.88 per $702.50 bond investment. The investor makes 4 times their money in 22.5 years.
http://data.cbonds.info/emissions/1645/Prospectus_Venezuela_2034.pdf
Prospectus Supplement to Prospectus Dated January 7, 2004
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