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This Product Makes a Great Holiday GiftThe highyield leveraged bond and loan market junk bonds is now valued at 3 trillion in North America 1 trillion in Europe and another 1 trillion in emerging markets.To successfully issue evaluate and invest in highyield debt however financial professionals need credit and bond analysis skills specific to these instruments.Credit Suisse managing director Bob...

Credit Suisse managing director Bob Kricheff explains why conventional analysis techniques are inadequate for leveraged instruments clearly defines the unique challenges sellers and buyers face walks stepbystep through deriving essential data for pricing and decisionmaking and demonstrates how to apply it.Masterfully applying theory to practice Darrell Duffie and Kenneth Singleton model credit...