For those people [or investors] that are students of the high yield bond market:
Defaults and Returns in the High Yield Bond Market: The Year 2005 in Review and Market Outlook
- Alec
Defaults and Returns in the High Yield Bond Market: The Year 2005 in Review and Market Outlook
Dr. Altman has earned an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. In this article, Altman and his team provide a comprehensive review of the 2005 high yield bond market. The article provides detailed long-term analysis of the US market, as well as trends in default, bankruptcy, recovery and returns for investors. Against this historical backdrop, the article offers some guidance on expected default rates and market performance in the burgeoning high-yield distressed bond market.
- Alec