Bridge over ocean
16 October 2014 Multimedia

Closer to the Brink

Managing High Yield into the Next Default Wave

  1. Martin S. Fridson, CFA

Martin S. Fridson, CFA, provides an overview of the current state of high yield bond markets and offers predictions as to the number of high yield debt issues that will default by 2019. He argues that if the current cycle matches the normal historical pattern, the next default wave will total more than $1.5 trillion.

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