Related Subjects
Children's Children's Books Family Life Literature & Fiction Multigenerational PoetryHigh Yield Bonds - High Quality Book from 1998. This great book gives empirical evidence to answer many questions. Quite thoroughly. Subjects covered include: Who buys high yield bonds? Insurance companies and mutual funds are the biggest buyers.... How big are default rates? Average about 3.5% a year.... How stable are bond ratings? About 5% go up or down in ratings every year. Most stay the same.... Many more subjects...
0Report
This is an excellent book that is now showing its age and needs an update. It also lacks a CDROM with data sets which would make more explicit many of the points authors make. In addition, Drexel Burnham Lambert, like Banquo's ghost, is alluded to on nearly every other page, yet the authors here are hesitant to differentiating between high yield bonds (non-investment grade debt) and junk (anything issued by Michael Milken)...
0Report
I can't say enough about this book. The book is suprisingly easy to read, and uncovers insights from some of the most prominent names in HY research. A must for HY analysts, MBAs, and CFOs.
0Report
I have had the privilege of reading the galley proofs of this book and find it to be THE definitive word on High Yield Investing. This book develops the blueprint for how to navigate, understand, and analyze High Yield Bonds. A must for MBA students, a requirement for anyone in the field already, and a vital tool for investors.The book's three authors (The George Washington University Business School, Georgetown Business...
0Report