Defaults and returns in the high yield bond market : the year 2005 in review and market outlook | Macquarie University ResearchOnline

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Title: Defaults and returns in the high yield bond market : the year 2005 in review and market outlook
Related: Journal of applied research in accounting and finance, Vol. 1, No. 1 (2006), p.3-29
Related: http://www.mgsm.edu.au/wps/wcm/connect/Internet/Root/research/publications/journals/jaraf/2006dec/
Publisher: Macquarie Graduate School of Management
Date: 2006
Author/Creator: Altman, Edward I
Author/Creator: Pasternack, Brent
Description: 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 offer some guidance on expected default rates and market performance in the burgeoning high-yield distressed bond market.
Description: 27 page(s)
Resource Type: Journal Of Applied Research In Accounting And Finance Collection
Resource Type: journal article
Organisation: Macquarie University. Macquarie Graduate School of Management

Identifier: http://hdl.handle.net/1959.14/97829
Identifier: ISSN:1834-2590
Identifier: mq-20101025-170627
Language: eng
Rights: Publisher version archived with the permission of the publisher Macquarie Graduate School of Management, Macquarie University, NSW, Australia. This archived copy is available for individual, non-commercial use. Permission to use this version for other uses must be obtained from the publisher.
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