TITLE

The Incredible Shrinking Default Cycle

AUTHOR(S)
Shepherd, Bill
PUB. DATE
July 2006
SOURCE
Investment Dealers' Digest;7/24/2006, Vol. 72 Issue 29, p26
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article provides insights of regarding the effects of default cycle on investment market in the U.S. The people expected that defaults on high-yield debt will become a problem for underwriters and investors in the second quarter of 2006, just the way it happened in 1990-1991 and 2001-2002. Instead, this did not happen because of buoyant economic activities and market structural changes that resulted to the disappearance of default cycle.
ACCESSION #
21691166

 

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