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Beyond Junk Bonds: Expanding High Yield Markets by Glenn Yago (English) Hardcove

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By Glenn Yago, Susanne Trimbath. In retrospect, the evidence clearly casts favorable light on therole of high yield securities. It charts the recoveryof 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.

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