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The high-yield debt market

investment performance and economic impact
Pages
306
Published
1998
Language
English

Synopsis

This book offers a comprehensive analysis of the high-yield debt market, commonly known as junk bonds. It delves into the intricacies of this financial sector, examining its historical development, market dynamics, and the various factors influencing its performance. Readers will gain a deep understanding of the risks and opportunities associated with high-yield investments.

About the author

E
Edward I. Altman

Edward I. Altman is an expert in corporate finance and credit risk. He is the author of several books including Corporate Financial Distress and Bankruptcy, The High-Yield Debt Market, and the Financial Handbook.