Last edited by Kegul
Monday, October 12, 2020 | History

6 edition of The High Yield Debt Market found in the catalog.

The High Yield Debt Market

Edward I. Altman

The High Yield Debt Market

Investment Performance and Economic Impact

by Edward I. Altman

  • 126 Want to read
  • 34 Currently reading

Published by Irwin Professional Pub .
Written in English

    Subjects:
  • Junk bonds,
  • Bonds,
  • Business / Economics / Finance,
  • Business/Economics,
  • United States,
  • Investments & Securities - Bonds,
  • Development economics,
  • Corporations,
  • Finance

  • The Physical Object
    FormatHardcover
    Number of Pages208
    ID Numbers
    Open LibraryOL8594449M
    ISBN 101556232357
    ISBN 109781556232350

      U.S. high-yield bonds have surged, but emerging market debt has not caught up, bank notes. 2 min. Go to article. Why the Bank of England Is ‘Not There Yet’ on Negative Rates.   Market pros said the market is open for business, and the failure of United Airlines to issue high yield debt had more to do with the individual issue and possibly price than the market overall.

    For high-yield bond investors, one upside of stressed credit markets is attractive new issuance. Many companies have tapped the market for investor-friendly rescue financing. ISBN: OCLC Number: Description: xiv, pages: illustrations ; 24 cm. Contents: Introducing the High Yield Debt Market --High Yield Debt--What Is It?--Why Is It Called Junk?--Why Has This Market Grown and Who's Involved?--Recent Issues and Regulations --Objectives and Recommendations --The Anatomy of the High Yield Debt Market --Growth of the Market.

      The debt deal comes amid a surge in issuance from high-yield borrowers seeking to cut interest expense on existing debt as yields approach unprecedented lows of . Michael Robert Milken (born July 4, ) is an American convicted felon, financier and philanthropist. He is noted for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. Since his release from prison, he has also become known for his charitable giving.


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The High Yield Debt Market by Edward I. Altman Download PDF EPUB FB2

High Yield Debt, written by Rajay Bagaria, an expert practitioner, is a succinct guide to today's high yield market. The book starts with an entertaining history of the market, from the heady days of junk bonds to its maturation into a more traded and institutional market/5(8).

In this book, Edward Altman brings together investment bankers, congressmen, and scholars to debate the impact of and the prospects for the high-yield debt market.

The volume includes the opinions of Fred Joseph, Michael Jensen, Marshall Blume, and Congressman Edward J. Markey, as well as insights from Dr.

Altman by: 8. Given that high yield bonds make up fully 25% of U.S. public corporate debt, and 19% of European corporate debt, you'd think there's be more and better books written on the subject. Think again. The best material on high yield bonds is written by the underwriters and research departments of large investment banks.

It is a market of closed Cited by:   The first comprehensive guide to the burgeoning, new high-yield debt or ``junk bond'' market. Edward Altman and Scott Nammacher, leading experts on debt financing and co-developers of the Zeta model for predicting business failure, offer sophisticated investors a complete analysis of the high-yield bond market, its anatomy, history, participants, risks and returns/5(4).

Edward Altman and Scott Nammacher, leading experts on debt financing and co-developers of the Zeta model for predicting business failure, offer sophisticated investors a complete analysis of the high-yield bond market, its anatomy, history, participants, risks and : Beard Group, Inc.

The New High Yield Bond Market: Investment Opportunities, Strategies and Analysis is the first book ever to address the new realities of the traditional market for corporate debt and to illustrate the use of new alternative investment vehicles now Cited by: 1.

High Yield Debt is the one-stop resource for wealth advisors seeking an in-depth understanding of this misunderstood asset class. The high yield market provides a diverse opportunity set, including fixed and floating rate debt, high and.

a whole. When the quarter began, the yield on the two-year Treasury was % and it ended the quarter at %.

The yield on the year Treasury began at % and it ended the quarter at %. The U.S. high-yield bond market, as measured by the Bloomberg Barclays U.S. High Yield 2% Issuer Capped Index, returned % during the thirds quarter.

The High-Yield Bond Market. The high-yield bond market was relatively small until the s, and former investment-grade companies whose credit had declined issued most high-yield bonds. Lower-grade bonds were not widely held in investment portfolios and most dealers did. Issuers of high-yield debt tend to be startup companies or capital-intensive firms with high debt ratios.

However, some high-yield bonds are fallen angels that lost their good credit ratings. High-yield bonds are an essential piece of the overall U.S.

corporate bond market, accounting for upwards of 15% of the total U.S. corporate bond market. Article Sources.

The corporate bond market has been developing in line with the general trend of capital market, and equity market in particular. Debt repackaging and subprime crisis. High-yield bonds can also be repackaged into collateralized debt obligations (CDO), thereby raising the credit rating of the senior tranches above the rating of the original debt.

Investing in Junk Bonds: Inside the High Yield Debt Market: Altman, Edward I, Nammacher, Scott A: Books - ews: 2. A complete reference guide to the high yield bond market, key definitions, and history.

LCD’s High Yield Bond Primer details market concepts and trends. It is updated each quarter. > DDJ expects the high yield A bond market to continue growing and thus should be viewed as a meaningful component of any high yield portfolio Andrew Ross, CFA Director, Portfolio Specialist Mr.

Ross joined DDJ in and has more than 16 years of experience in. The effective yield for junk-rated borrowers is now hovering near %, down from its high of % on Ma when the Fed unveiled its corporate bond Reviews: 2.

For the week ended Wednesday, investment-grade bond funds took in $ billion. High-yield bond funds are in high demand and had their third. The year yield reached a high of % early Wednesday morning and was hovering just at the % level in afternoon trading.

"This is an inflection point in the sense that stimulus is. The iShares High Yield Corporate Bond Index, a popular exchange-traded fund (ETF) that measures investor interest in the junk bond market, plunged in March.

But it Author: Weizhen Tan. Originally printed inthis book examines the rise and operation of the high-yield debt market typified by the junk bond. It discusses expected yields, realized returns, default, market growth, credit quality, mergers and acquisitions, investment strategies, and related topics.

Measures of market liquidity, such as bid-ask spreads and price impact, deteriorated to such an extent that it was as or more costly to trade an investment-grade bond as a high-yield bond. One of the biggest areas of focus is in high-yield bonds, where the Fed has said it will buy "fallen angel" companies downgraded due to coronavirus concerns.

Some market .A free, definitive, online resource covering the High Yield Bond industry, including news, primer, and market indicators. A high yield bond is a debt security issued by a corporation with a lower than investment grade rating.