What are High Yield Bonds?
High yield bonds offer investors an attractive rate of return. However, this comes with a risk. Tim provides a brief history of this type of volatile security, typical characteristics and information on default and recovery rates.
Overview
High yield bonds present investors with a unique opportunity to earn excellent returns and an alternative for issuers to access the debt capital markets. They are rated as “non-investment grade” and are influenced by markets, volatility and similar competitive securities.
Key learning objectives:
What high yield bonds are and how they are rated
The issuers and investors of high yield debt
Rates, safety and characteristics of high yield bonds
Summary
Expert
Tim Hall
Tim has nearly 30 years of experience in the international capital markets at major global institutions and has worked both on the buy-side and the sell-side. He has worked with numerous companies, banks and governments in developed and emerging markets on investment grade and high yield bond issues, from straight-forward to very complex acquisition/leveraged financings. Tim has also been on the board of a UK “challenger bank.” Tim has an MBA from the Wharton School, and is a CFA.
20:07
