...high yield bond market, in its present size and form, has not been tested by a recession. A severe economic downturn might increase bond defaults, especially...caution in selecting and managing their portfolios. In January 1989, the Federal Bane loan Bank Board (FHLBB), the agency that regulates thrifts, took...

...high yield bond market, in its present size and form, has not been tested by a recession. A severe economic downturn might increase bond defaults, especially...caution in selecting and managing their portfolios. In January 1989, the Federal Home Loan Bank Board (FHLBB), the agency that regulates thrifts, took...

...high yield bond market, in its present size and form, has not been tested by a recession. A severe economic downturn might increase bond defaults, especially...companies issuing bonds as part of leveraged buyouts. Ftrr these reasons, thrifts need to have the expertise to invest in high yield bonds and should exercise...

...high yield bond market, in its present size and form, has not been tested by a recession. A severe economic downturn might increase bond defaults, especially...those companies issuing bonds as part of leveraged buyouts."8 Junk bond investors must realize there is default risk in holding these securities but it...