Article: Survival and default of original issue high-yield bonds.

Article: Some junk. (success and popularity of junk bonds) (Column)
National Review;  August 9, 1993 ;     536 words ......of Michael Milken and Drexel Burnham, junk bonds are again in vogue. Investors are clamoring...Merrill Lynch How have investors fared with junk bonds? For the period 1980 through 1992 the...4 per cent. The relative riskiness of junk bonds is best measured by the spread between...

Article: Junk Bonds
Dictionary of American History;      691 words ...JUNK BONDS JUNK BONDS. Michael Milken, the notorious investment banker of the 1980s, allegedly coined the term "junk bonds" to describe the portfolio of low-grade bonds owned by one of his...

Article: A lively corpse. (junk bonds)
National Review;  May 28, 1990 ;     626 words ......at the slowest pace in twenty years. Junk bonds now account for about 22 per cent of...because of the higher interest rates on junk bonds, their first-quarter return of (-2.6...not anomalous. Over the past ten years junk bonds have produced a 13.0 per cent average...

Article: State senator wants to junk bids for Executive Life. (California State Senator Patrick Johnston; Executive Life Insurance Co.)
Los Angeles Business Journal;  October 21, 1991 ;     677 words ......law designed to limit the amount of junk bonds a life insurance company can have in...life insurance company can maintain in junk bonds. Executive Life has 64 percent of its invested assets in junk bonds. Of the seven bidders for Executive...

Article: Milking Milken again. (Michael R. Milken; real source of blame for savings and loan scandal) (editorial)
National Review;  October 7, 1991 ;     378 words ......undoubtedly got into trouble because of the junk bonds. But many more went bankrupt investing...were insolvent long before they got into junk bonds. During the Seventies and early Eigties...accelerated the fall in the value of junk bonds. So the S&L bailout precipitated the...

Article: Bearing down on Milken. (Michael Milken and junk bond collapse)
National Review;  March 19, 1990 ;     700+ words ......bankruptcy, dying shortly after the market for junk bonds went into decline. It was a case of exit...Drexel's rise, had built the firm by selling junk bonds to investors on a simple pair of facts...In 1983, Drexel began to underwrite junk bonds for hostile takeovers of ...

Article: Garbage collectors: junk bonds shed their dirty reputation.
Entrepreneur;  August 1, 1997 ;     700+ words ......weapon, and this one can be found at the bottom of the barrel - junk bonds. Don't flip that page: Junk bonds have come a long way, baby. The last many investors heard about junk bonds or, as they're called in polite society, high-yield corporate...

Article: The insider story. (Michael Milken case)
National Review;  May 28, 1990 ;     700+ words ......battered. In fact, since December 31, 1989, junk bonds have outperformed equities, losing 1...school: buying a wide enough range of junk bonds would theoretically yield enough interest...companies would go bankrupt. Then he took junk bonds, and his increasingly enthusiastic clients...

Article: Stocks of insurers fall as investment values drop. (Broad Inc.)
Los Angeles Business Journal;  October 15, 1990 ;     571 words ......portfolio, which includes real estate and junk bonds, might be sinking in value. Broad's stock...doggy assets like certain real estate and junk bonds. The IDS study was cited extensively...First Capital Holdings owned a lot of junk bonds. Fidelity Capital Life was ranked third...

Article: MONEY, GREED, AND RISK.(Review)
Washington Monthly;  September 1, 1999 ;     700+ words ......really, from the modern crises involving junk bonds and LBOs? Not very, it turns out. While...long been given credit for inventing junk bonds, Morris points out that his high yield...that entailed. What's more, Milken's junk bonds--like Gould's railroad bonds--served...

Article: Not such junk. (economic viability of junk bonds) (editorial)
National Review;  June 24, 1991 ;     492 words ......the past five years, total returns from junk bonds have averaged 8.277 per cent, versus...industry, seized the chance to blame junk bonds for the ensuing debacle. Congress bought...hanging over them is somehow removed, junk bonds are unlikely to lead the nation to economic...

Article: At Least 49 Life and Health Insurers Have More Junk Bonds Than Capital, Increasing Vulnerability to Plunge in Junk Bond Prices, Reports Weiss Ratings.
Business Wire;  November 20, 2000 ;     700+ words ......companies reporting the largest percentage of junk bonds in relation to capital include: Weiss...Weak; E = Very Weak A high exposure to junk bonds today could have a negative impact down...advance warning of higher default rates on junk bonds in the future which would have a ...

Article: Junk bonds: yields falling as investors chase returns.(Who's Who Banking & Finance--Lenders of Last Resort)(market for speculative corporate debt)
Los Angeles Business Journal;  October 27, 2003 ;     700+ words ...Overview: Junk bonds, high-yield bonds, distressed debt...this year have been richly rewarded. Junk bonds, often called high-yield bonds, are...triple-B. Many investors associate junk bonds with Michael Milken, who literally...

Article: Junk Bond
West's Encyclopedia of American Law;      359 words ......high-yield bonds. These high-yield bonds are junk bonds. When a corporation fails, bondholders...assets. This possibility is more real for junk bonds because they are, by definition, issued...worth the increased risk of default. Junk bonds can increase in value if the corporation...