When is "junk" valuable? When there's high yield to be had, of course.
Paddy Hirsch explains this potentially riskier, potentially more rewarding end of the bond market, which has famously backed many of the biggest leveraged buyouts and aggressive M&A deals ever undertaken.
For more news, analysis, and trends on the high yield bond market check out [ Ссылка ], a free site powered by S&P Capital IQ/LCD to promote the asset class.
You can also check out [ Ссылка ] for news and analysis on that market, and LCD's Leveraged Loan Market Primer/Almanac, a free guide detailing quarterly market and historical trends, as well as market mechanics. [ Ссылка ]
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