Taylor (2003) "The High-Yield Spread as a Predictor of Real Economic Activity: Evidence of a Financial Accelerator for the United States, " IMF Staff Papers, 50, 373-402.Mody, Ashoka and Mark P. Taylor. "The High-Yield Spread as a Predictor of Real Economic Activity: Evidence of a ...
根据CAMP资产的定价模型来看,权益类资产受到的利率影响更大。那么对应的spread也照理更大。吴昊_品职助教 · 2019年05月18日 这道题我建议你当一个结论来记一下,到了二级会详细学习hybrid产品的特性。magico · 2019年05月18日 OK,谢谢吴昊_品职助教 · 2019年05月18日 不用谢1 回答 0 关注 240 浏...
The spread between high-yield bonds and safe Treasury bonds, for instance, is now close to its peak in early September. 高收益债券和国库券之间的差距,已经接近九月初的最高点。 ecocn.blogbus.com 5. There seemly was no any conflict between high-yield breeding and quality characteristics of popcor...
Last week I had opportunity to participate atNYU, where one of the lecturers wasZ-scoreman’s. He spent same time talking about the high yield spread as measure of the macro economy. Then spread is high (junk bonds become very cheap and Treasuries become ‘gold’) – crisis is right her...
Bloomberg US Corporate High Yield Index: Spread (Basis Points) Historical analysis does not guarantee future results. Highlighted periods begin when spreads fall below 400 bps and end when spreads rise above the long-term average spread of 517 bps. Through June 30, 2024 ...
虽然利率上升,债券的价格下跌,但是当利率上升时,往往是处于经济较好的时期,投资者预期High-yield bond因为公司业绩好而违约可能性较低,因此需求仍然较大其价格较高,high-yield价格下跌幅度没有Investment-grade大,因为其债券价格以及收益率(Spread)受到利率变动的影响较小(相对于Investment grade)。 ---虽然现在很辛苦...
Index page HW00 Global High Yield Index, Spread-Govt at CBONDS
The higher the return on high-yield bonds, the wider the spread. Fidelity now offers new tools that make it easy to track fixed income spreads and yields with up-to-the-minute data. How not to worry about interest rates To be sure, high-yield bonds aren’t the only fixed income ...
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A high yield bond spread is the percentage difference in current yields of various classes of high-yield bonds compared a benchmark bond measure.