Investing in Junk Bonds

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Author :
Publisher : Beard Books
ISBN 13 : 9781587981555
Total Pages : 278 pages
Book Rating : 4.9/5 (815 download)

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Book Synopsis Investing in Junk Bonds by : Edward I. Altman

Download or read book Investing in Junk Bonds written by Edward I. Altman and published by Beard Books. This book was released on 2003 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Details the rise and operation of the high yield debt market as illustrated by the "junk" bond.

High-yield Debt Market/junk Bonds

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Author :
Publisher :
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.0/5 (18 download)

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Book Synopsis High-yield Debt Market/junk Bonds by : United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance

Download or read book High-yield Debt Market/junk Bonds written by United States. Congress. House. Committee on Energy and Commerce. Subcommittee on Telecommunications and Finance and published by . This book was released on 1990 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:

How to Make Money with Junk Bonds

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Author :
Publisher : McGraw Hill Professional
ISBN 13 : 0071793828
Total Pages : 192 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis How to Make Money with Junk Bonds by : Robert Levine

Download or read book How to Make Money with Junk Bonds written by Robert Levine and published by McGraw Hill Professional. This book was released on 2012-05-18 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unearth a Gold Mine in the $1 TRILLION Junk Bond Market “Few experts in this area have been willing to share their inside knowledge with the outside world. None have done it as well and as simply and clearly as Bob Levine has done in his new book.” —Joel Greenblatt, bestselling author of The Little Book That Beats the Market “A great book by a great investor. . . . [I] recommend this book to everyone who wants to acquire some invaluable horse sense about investing in high yield bonds.” —Martin S. Fridson, author of How to Be a Billionaire “This is the best book ever written on high yield corporate bond investing. Destined to become an instant classic. . . .” —Jack Malvey, Chief Global Markets Strategist, Bank of New York Mellon Corp. "A first-rate introduction and navigation guide to the high-yield world." —Reading the Markets “This well-written and occasionally humorous tutorial on investing in speculative-grade corporate debt covers the essential aspects of high-yield debt. . . . As a basic introduction to the high-yield debt market, the book can’t be beat.” —The Financial Analysts Journal Do you think of the junk bond market as an arena of chaos, a financial Wild West, a place to avoid at all costs? In How to Make Money with Junk Bonds, a pioneer of the junk bond business gives you the insight and information you need to lay that fear to rest—so that you can generate unprecedented profits in this $1 trillion market. Robert Levine has the credentials to lead both individual investors and the professionals just getting started in the junk bond market. At Nomura Corporate Research and Asset Management, his junk bond funds substantially outperformed both high yield and S&P indices for more than 18 years—and in this book he explains the method he used to achieve such remarkable results. Helping you pick high yield bonds that have a low possibility of default. How to Make Money with Junk Bonds covers: The difference between stocks and bonds—and where junk bonds fit between them in the risk spectrum How to conduct a thorough credit analysis—the key to making money in junk bonds How to evaluate market conditions—and decide when to invest and when to sit on the sidelines Why you should hire a portfolio manager—and how to select the best one for your needs How to invest like a pro—using Levine’s personal, proven investing method The junk bond market isn’t the scary place it used to be. Critical information is easier (and cheaper) to obtain, and transparency is greater than it was in the market’s early days. How to Make Money with Junk Bonds gives you the tools to root out strong, forward-looking companies poised for growth and generate a level of profitability impossible to achieve in other markets.

High Yield Bonds

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Author :
Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis High Yield Bonds by :

Download or read book High Yield Bonds written by and published by . This book was released on 1989 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

High-yield Bonds

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Author :
Publisher :
ISBN 13 :
Total Pages : 96 pages
Book Rating : 4.X/5 (2 download)

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Book Synopsis High-yield Bonds by : Frank K. Reilly

Download or read book High-yield Bonds written by Frank K. Reilly and published by . This book was released on 1990 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Beyond Junk Bonds

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Author :
Publisher : Oxford University Press
ISBN 13 : 0198034032
Total Pages : 320 pages
Book Rating : 4.1/5 (98 download)

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Book Synopsis Beyond Junk Bonds by : Glenn Yago

Download or read book Beyond Junk Bonds written by Glenn Yago and published by Oxford University Press. This book was released on 2003-03-27 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since financial myths exploded in the 1980s, the perspective of time creates a unique opportunity to update and expand the analysis begun in Glenn Yago's 1991 book, Junk Bonds: How High Yield Securities Restructured Corporate America (Oxford University Press). At the time of its publication, Junk Bonds drew controversial responses from the Federal Reserve and government agencies. In retrospect, the evidence clearly casts favorable light on the role of high yield securities. The research presented here demonstrates how financial innovations enabled capital access for industrial restructuring, capital and labor productivity gains, and improved global competitiveness. Enough time has now passed to allow this dispassionate empirical analysis to shear away the hype and hysteria that surrounded the Wall Street scandals, Washington controversies, and media frenzy of the time. Beyond Junk Bonds provides a one-stop data, reference and case study presentation of the firms and securities in the contemporary high yield market and the financial innovations that spurred growth in the nineties and will continue to finance the future. The high yield market incubated successive waves of financial technologies that now proliferate beyond junk bonds to all the dimensions and dynamics of global debt and equity capital markets. It charts the recovery of the market in the 1990s, the recent wave of fallen angels, distressed credits and defaults, and suggests how the high yield market will be recreated in the global market of the 21st century. It explicates the linkages between the high yield market, and other credit and equity markets in managing a firm's capital structure to execute its business strategy. The weakening of the U. S. economy in 2001 and the huge shock to Wall Street from the terrorist attacks of September 11 witnessed a historic increase in the yield to maturity of high yield bonds. Despite the volatility in the flow of funds to high yield mutual funds and occasionally sharp increases in non-investment grade debt yields, the asset class has been one of the best performing fixed income investments of the past decades. In fact, high yield bonds offer an attractive risk-reward ratio competitive with more traditional asset classes. Anyone active in corporate finance, financial institutions and capital markets will find this book a must read for interpreting and understanding the recent history both of the high yield marketplace and its interaction with private equity, public equity, and fixed income markets.

Quantifying the Market Risk Premium Phenomenon for Investment Decision Making

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Author :
Publisher : Cfa
ISBN 13 :
Total Pages : 104 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Quantifying the Market Risk Premium Phenomenon for Investment Decision Making by : William F. Sharpe

Download or read book Quantifying the Market Risk Premium Phenomenon for Investment Decision Making written by William F. Sharpe and published by Cfa. This book was released on 1990 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Markets

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Financial Markets by : United States. General Accounting Office

Download or read book Financial Markets written by United States. General Accounting Office and published by . This book was released on 1988 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The New High Yield Bond Market

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Author :
Publisher : Irwin Professional Publishing
ISBN 13 : 9781557384362
Total Pages : 420 pages
Book Rating : 4.3/5 (843 download)

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Book Synopsis The New High Yield Bond Market by : Jess Lederman

Download or read book The New High Yield Bond Market written by Jess Lederman and published by Irwin Professional Publishing. This book was released on 1993 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bankruptcy, Credit Risk, and High Yield Junk Bonds

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Author :
Publisher : Wiley-Blackwell
ISBN 13 : 9780631225638
Total Pages : 576 pages
Book Rating : 4.2/5 (256 download)

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Book Synopsis Bankruptcy, Credit Risk, and High Yield Junk Bonds by : Edward I. Altman

Download or read book Bankruptcy, Credit Risk, and High Yield Junk Bonds written by Edward I. Altman and published by Wiley-Blackwell. This book was released on 2002-02-15 with total page 576 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the authoritative collection of the writings of Dr. Edward I. Altman, the world's leading authority on bankruptcy, corporate distress, and defaults, and creator of the widely-used Z-Score model. This book contains both classic and never-before-published articles, along with Altman's comprehensive introduction that places all the articles in context.

The Future of China's Bond Market

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Author :
Publisher : International Monetary Fund
ISBN 13 : 151358278X
Total Pages : 52 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The Future of China's Bond Market by : Mr. Alfred Schipke

Download or read book The Future of China's Bond Market written by Mr. Alfred Schipke and published by International Monetary Fund. This book was released on 2019-03-13 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s bond market is destined to play an increasingly important role, both at home and abroad. And the inclusion of the country’s bonds in global indexes will be a milestone for its financial market integration, bringing big opportunities as well as challenges for policymakers and investors alike. This calls for a good understanding of China’s bond market structure, its unique characteristics, and areas where reforms are needed. This volume comprehensively analyzes the different segments of China’s bond market, from sovereign, policy bank, and credit bonds, to the rapidly growing local government bond market. It also covers bond futures, green bonds, and asset-backed securities, as well as China’s offshore market, which has played a major role in onshore market development.

HIGH YIELD BONDS

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Publisher : McGraw Hill Professional
ISBN 13 : 9780071376969
Total Pages : 614 pages
Book Rating : 4.3/5 (769 download)

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Book Synopsis HIGH YIELD BONDS by : Mark Shenkman

Download or read book HIGH YIELD BONDS written by Mark Shenkman and published by McGraw Hill Professional. This book was released on 1999 with total page 614 pages. Available in PDF, EPUB and Kindle. Book excerpt: HIGH-YIELD BONDS provides state-of-the-art research, strategies, and toolsÑalongside the expert analysis of respected authorities including Edward Altman of New York UniversityÕs Salomon Center, Lea Carty of MoodyÕs Investor Service, Sam DeRosa-Farag of Donaldson, Lufkin & Jenrette, Martin Fridson of Merrill Lynch & Company, Stuart Gilson of Harvard University, Robert Kricheff of CS First Boston, and Frank Reilly of the University of Notre DameÑto help you truly understand todayÕs high-yield market. For added value and ease of reference, this high-level one-volume encyclopedia is divided into seven sections detailing virtually every aspect of high-yield bond investment. They include: Market structureÑThe role of investment banks in security innovation and market development, evolution of analytical methodologies, and recent leveraged loan market developments; Security risk analysisÑHistorical bond default rates, real interest rate and default rate relationships, and new simulation methodologies for modeling credit quality; Security valuationÑImpact of seniority and security on bond pricing and return, important trading factors, and a Monte Carlo simulation methodology for valuing bonds and options in the context of correlated interest rate and credit risk; Market valuation modelsÑEconometric studies which detail the importance of monetary influences, risk-free interest rates, default rates, mutual fund flows, and seasonal fluctuations; Portfolio managementÑHistorical perspective and comparison to alternative investments, analysis of indices available to investors, and specific portfolio selection and risk management strategies of professional fund managers; Distressed security investingÑHistorical risk and return information, plus an academic overview of the market and decision criteria for uncovering and investing in securities with higher-than-average risk-adjusted returns; Corporate finance considerationsÑEmerging firmsÕ strategic choice between external debt and equity financing, as well as the choice of issuing public versus private (Rule-144a) securities. HIGH-YIELD BONDS provides extensive coverage of bond valuation and the construction and management of high-yield portfolios. Advanced Monte Carlo simulation models for the valuation of bonds and options on bonds as well as risk assessments on portfolios of bonds under conditions of correlated interest rate and credit risk are demonstrated. In todayÕs explosive environment of multiple new issues and high risk versus return relationships, it is paramount that you get advice from analysts and experts who have been influential in shaping and defining the market. HIGH-YIELD BONDS will provide you with a valuable reference to this fascinating and constantly changing class of securities, helping you assemble a stable, diversified portfolio of fixed income investments that provides the greatest returns and the lowest risks.

Highly Confident

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Author :
Publisher : William Morrow
ISBN 13 :
Total Pages : 408 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Highly Confident by : Jesse Kornbluth

Download or read book Highly Confident written by Jesse Kornbluth and published by William Morrow. This book was released on 1992 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: Miliken, Michael, stockbrokers - United States - biography, securities industry - United States. Corrupt practices.

Foundations of High-Yield Analysis

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Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960546
Total Pages : 64 pages
Book Rating : 4.9/5 (449 download)

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Book Synopsis Foundations of High-Yield Analysis by : Martin S. Fridson

Download or read book Foundations of High-Yield Analysis written by Martin S. Fridson and published by CFA Institute Research Foundation. This book was released on 2018-08-27 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the advent some 40 years ago of a vibrant primary market for speculative-grade corporate bonds, the high-yield market has evolved from a niche occupied by a small group of specialists into a full-fledged institutional investment category. Asset allocators and portfolio managers now have at their disposal the tools necessary for rigorous investment analysis, including financial statements of the issuers, indexes, trading prices, historical default rates, and time series on such credit factors as liquidity, ratings, and covenant quality. This research brief provides up-to-date techniques for extracting from the extensive data the information that can lead to sound investment decisions.

Junk Bonds

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Publisher :
ISBN 13 : 9780197703199
Total Pages : 0 pages
Book Rating : 4.7/5 (31 download)

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Book Synopsis Junk Bonds by : Glenn Yago

Download or read book Junk Bonds written by Glenn Yago and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Japanese Banking Crisis of the 1990's

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1451842406
Total Pages : 48 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis The Japanese Banking Crisis of the 1990's by : Mr.Akihiro Kanaya

Download or read book The Japanese Banking Crisis of the 1990's written by Mr.Akihiro Kanaya and published by International Monetary Fund. This book was released on 2000-01-01 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: For a large part of the past decade, Japan has witnessed a steady deterioration in the health of its banking system. This paper examines what went wrong and why it has taken so long for the system to recover. While the paper traces the roots of the crisis to accelerated deregulation and deepening of capital markets without an appropriate adjustment in the regulatory framework, it identifies weak corporate governance and regulatory forbearance as the two factors behind what might have been an unnecessary prolongation of the distress of the financial system.

The Predators' Ball

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Author :
Publisher : Simon & Schuster
ISBN 13 : 1982144262
Total Pages : 400 pages
Book Rating : 4.9/5 (821 download)

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Book Synopsis The Predators' Ball by : Connie Bruck

Download or read book The Predators' Ball written by Connie Bruck and published by Simon & Schuster. This book was released on 2020-02-04 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: “Connie Bruck traces the rise of this empire with vivid metaphors and with a smooth command of high finance’s terminology.” —The New York Times “The Predators’ Ball is dirty dancing downtown.” —New York Newsday From bestselling author Connie Bruck, The Predators’ Ball dramatically captures American business history in the making, uncovering the philosophy of greed that dominated Wall Street in the 1980s. During the 1980s, Michael Milken at Drexel Burnham Lambert was the Billionaire Junk Bond King. He invented such things as “the highly confident letter” (“I’m highly confident that I can raise the money you need to buy company X”) and the “blind pool” (“Here’s a billion dollars: let us help you buy a company”), and he financed the biggest corporate raiders—men like Carl Icahn and Ronald Perelman. And then, on September 7, 1988, things changed... The Securities and Exchange Commission charged Milken and Drexel Burnham Lambert with insider trading and stock fraud. Waiting in the wings was the US District Attorney, who wanted to file criminal and racketeering charges. What motivated Milken in his drive for power and money? Did Drexel Burnham Lambert condone the breaking of laws?