Essays about: "high-yield corporate bonds"
Showing result 1 - 5 of 14 essays containing the words high-yield corporate bonds.
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1. An Analysis of the Swedish Real Estate Bond Market: Characteristics, Opportunities, and Risks : A combination of a qualitative and quantitative study
University essay from KTH/Fastighetsföretagande och finansiella systemAbstract : In the aftermath of the 2008 financial crisis, the debt capital market in Sweden experienced rapid growth, resulting in a doubling of its size. In recent years, real estate companies have become increasingly dependent on financing through the capital markets. READ MORE
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2. Credit Where Credit's Due: An Empirical Study of Defaults in the Swedish Corporate Bond Market Between 2004 and 2023
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper studies the relationship between bond defaults and yield spread, and other bond and company variables observable at issuance using a comprehensive dataset of matured and defaulted bonds from non-financial Swedish firms, covering the period 2004-2023. We find that higher yield spreads are correlated with higher default probabilities, particularly in the high-yield (HY) bond segment. READ MORE
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3. THE EXPANSION OF THE SWEDISH HIGH YIELD CORPORATE BOND MARKET - An abductive research of the development and nature of the Swedish high yield corporate bond market of the 2010s
University essay from Göteborgs universitet/Företagsekonomiska institutionenAbstract : The time period spanning from 2010-2020 was to the Swedish economy initially characterized as a phase of recovery from the financial crisis of 2007-2008, and furthermore a decade of rather stable economic growth without any major disrupting elements of crises or recessions. In this overall favourable economic environment, the corporate bond market, and more explicitly - the high yield corporate bond market, has stood out with an extraordinary growth of over 1000% during the given time period. READ MORE
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4. Risk Adjusted Performance Analysis of Corporate High-Yield Bonds
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This paper evaluates whether corporate high-yield bond returns can be explained by the Fama French Factors and other accepted factors as commonly used when analyzing equity excess returns. As high yield bonds exhibit a somewhat similar return profile as equities, the hypothesis is furthermore that their excess returns should to a significant extent be explained by the same risk-factors. READ MORE
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5. Forecasting High Yield Corporate Bond Industry Excess Return
University essay from KTH/Matematisk statistikAbstract : In this thesis, we apply unsupervised and supervised statistical learning methods on the high-yield corporate bond market with the goal of predicting its future excess return. We analyse the excess return of industry based indices of high-yield corporate bonds belonging to the Chemical, Metals, Paper, Building Materials, Packaging, Telecom, and Electric Utility industry. READ MORE
