high-yield bond

(redirected from Speculative-grade bond)
Also found in: Thesaurus, Financial.
Related to Speculative-grade bond: Investment grade bond
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.high-yield bond - a (speculative) bond with a credit rating of BB or lower; issued for leveraged buyouts and other takeovers by companies with questionable credit
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
References in periodicals archive ?
By dollar volume, the global speculative-grade bond default rate ended
S&P expects global corporate speculative-grade bond issuance--that is, issuance by companies rated BB+ or lower--to account for more than 15 percent of the total issuance this year.
The dollar-weighted speculative-grade bond default rate in the US ended the second quarter at three per cent, while the European dollar-weighted speculative-grade bond default rate fell from 5.
Measured on a dollar volume basis, the European speculative-grade bond default rate rose to 8.
This suggests that speculative-grade bond primary markets efficiently price default risk and that other types of risk are priced as coincident as opposed to orthogonal risks.
The surge in speculative-grade bond issuance in 1997 has brought with it a further deterioration in the average credit quality of speculative-grade issuers, suggesting a higher level of default risk going forward.
Measured on a dollar volume basis, the US speculative-grade bond default rate ended at 7.
investment grade debt was more than offset by high double-digit declines in revenue from speculative-grade bond and bank loan ratings.
Among US issuers, the dollar-weighted speculative-grade bond default rate ended the second quarter at 18.
dollar denominated, nonconvertible, speculative-grade bond market (the rating equivalent of 'BB+' and below, rated by Fitch or one of the two other major rating agencies).
In Europe, the dollar-weighted speculative-grade bond default rate declined to 3.
dollar-denominated, non-convertible, speculative-grade bond market (the rating equivalent of 'BB+' and below, as rated by Fitch or one of the two other major rating agencies).