High-Yield Market Just Won't Back Off

Appin, Rick; Husband, Sarah; Burns, Mairin
September 2003
Investment Dealers' Digest;9/8/2003, Vol. 69 Issue 34, p11
Trade Publication
Reports on European investors' purchase of junk bonds. Overvaluation of high yields according to the Garman Model, which tracks the high-yield bond market spread; Differences in opinion regarding the sustainability of current interest trends; Shortage of deals in Europe.


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