Publications

Investing in Junk Bonds

Type
Link
Cost
Paid
Published
1987
Updated
2018
Full Name
Investing in Junk Bonds: Inside the High Yield Debt Market

Investing in Junk Bonds is the first comprehensive guide to the booming junk bond market. It offers sophisticated investors a complete analysis of the high-yield bond market—its anatomy, history, participants, risks, and returns. With the Zeta model, investors can assess the safety of an issue before they commit. This book helps private investors, mutual funds, pensions, banks, and insurance money managers make sure their junk bonds don't live up to the name.


Table of Contents

  1. Introducing the High Yield Debt Market

  2. The Anatomy of the High Yield Debt Market

  3. New Issuer Characteristics and Underwritings

  4. Investor Attractions: Mutual Funds and Other Investor Activities

  5. Default Rates on High Yield Debt

  6. Assessing Credit Quality and Default Risks

  7. Mergers and Acquisitions - Recent Experience and Leverage Issues

  8. Portfolio Strategies in the High Yield Debt Market

  9. Testing of Investment Strategies

Appendix 1: Database Characteristics and Calculations

Appendix 2: Contribution of Total Return From Coupon and Price Changes

Appendix 3: Duration and Zero Coupon Bond Equivalency

Index