内容

目次

Introducing the High Yield Debt Market; The Anatomy of the High YieldDebt Market; New Issues, Characteristics and Underwritings; InvestorAttractions: Mutual Fund and Other Investor Activities; Default Rates on HighYield Debt; Assessing Credit Quality and Default Risks; Mergers andAcquisitions -- Recent Experience and Leverage Issues; Portfolio Strategiesin the High Yield Debt Market; Testing of Investment Strategies; Appendixes;Data Base Characteristics and Calculations; Contribution of Total Return FromCoupon (C) and Price Changes (P); Duration and Zero Coupon Bond Equivalency.