While hybrid securities are generally Australian investors’ primary choice for high income products, high-yield bond markets constitute a growing alternative. A high-yield bond is typically non-investment grade (i.e. low credit rating or unrated) and compensates investors by paying a relatively higher coupon for this additional credit risk. In the US and Europe, the high-yield bond market is large (US$1.4 trillion [...]
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An employee-owned financial services provider focused on the Debt Capital Markets.
An employee-owned financial services provider focused on the Debt Capital Markets.
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