When a normal distribution is assumed, we see a higher expected return associated with a lower SD on the high-yield bond returns relative to investment-grade bond returns. However, we also find that the returns on both high-yield bonds and investment-grade bonds exhibit stable (fat-tailed) ...
GlobalCapital's corporate bond news service delivers the latest analysis, comment and data on investment grade bond issuance, from high grade to hybrid debt
债券种类 investment grade high yield "Investment grade high yield" (IGHY) is a category of bonds that combines the characteristics of both investment grade and high yield bonds. These bonds typically offer higher yields than traditional investment grade bonds but still maintain a relatively low ...
high yield bond因为credit spread更大,所以在interest rate上升时,价格反而下降的更少(r上升,credit spread下降的跟多,有offset的效果) 这个原理描述正确,正是这个原理导致了High yield bond对利率相对不太敏感,他的Empirical duration远小于自身的Effective duration。 是不是也是同一个原因导致了high yield bond的bid...
Using Bank of America/Merrill Lynch bond yield indexes, we compare the returns on investment-grade bonds to the returns on high-yield bonds over the period from January 1997 through mid-August 2011, a period marked by the collapse of the technology sector in early 2000 and the financial crisi...
Bonds are another common type of yield-producing investment. If you invest in bonds, you'll receive income or yield in the form of a coupon payment, which is often paid semiannually (although it can vary). To calculate your bond interest yield, divide the coupon price by the bond price ...
Bonds Overview US Treasury Agency Municipal Corporate High Yield High Yield BondsHigh yield (non-investment grade) bonds are from issuers that are considered to be at greater risk of not paying interest and/or returning principal at maturity. As a result, the issuer will generally offer a ...
13. High-yield bonds, which tend to behave more like equities, are usually quoted in price terms. Investment-grade bonds are usually quoted as spreads over benchmark government bonds. 所以B不正确 添加评论 0 0 WallE_品职答疑助手 · 2020年11月08日 investment bond投资级别的债券,收益率给的一般...
Corporate bonds Investors pour money into US corporate bond funds at record rate Demand to lock in yields helps push spreads on high-yield bonds close to their tightest level since 2007 February 26 2024 Sovereign bonds Bonds are back Pimco’s inflows are already almost equal to its 2023 total...
The market for high yield (below investment-grade) corporate bonds developed in the middle 1980s. We show that, since this time, the high yield spread has had significant explanatory power for the business cycle. We interpret this finding as possibly symptomatic of financial factors at work in...