A high yield bond spread is the percentage difference in current yields of various classes of high-yield bonds compared a benchmark bond measure.
Compensation that investors are getting from high-yield bonds has fallen to levels “only sustainable in an economic upturn,” according to BofA Global Research.
High-yield bond spreads that are wider than the historical average suggest greater credit and default risk for junk bonds. Option-Adjusted Spread (OAS) An option-adjusted spread (OAS)...
Ice Data Indices, LLC, ICE BofA US High Yield Index Option-Adjusted Spread [BAMLH0A0HYM2], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series...
Government bond High-yield debtMunicipal bond Securitization Stock market Common stock Growth... When yield spreads widen between bond categories with different credit ratings, all else...
This paper examines the predictive power of credit spreads from the corporate bond market. The high-yield bond spread and investment-grade spread can explain 68 per cent and 42 per cent of output v...
Spreads on U.S. high yield bonds, or the premium companies pay over U.S. Treasuries, remain tight despite a pick-up in distress within the asset class, as investors see the majority of issuers weat...
고위험, 고수익을 대표하는 하이일드 채권(High-Yield Bond)은 투자 등급 채권보다 신용 등급이 낮은 회사가 발행한 채권으로 원리금 상환에 대한 불이행 위험이 높지만 그만큼 이자율도 높다. 세계적 신용평가기관인 무디스(Moody’s) 평가기준으로 ‘Ba1’ 이하, 스탠더드앤드푸어스(S&P) 평가기준으로 ‘BB’ 이하인 채권이 이에 속한다. 하이일드 채권은 ‘정크본드(junk bond)’라고도 ...
하이일드 채권 스프레드(High Yield Bond Spread)란? 하이일드 채권의 성격과 투자시 유의사항을... Option-Adjusted Spreads (OASs) are the calculated spreads between a computed OAS index of all bonds in a fred.stlouisfed.org 위 링크를...
Indexing high-yield bonds is difficult.