◀ The Principal Blog

Posts tagged ‘high yield’

Does Duration Matter in High Yield Investing?



The use of the term duration has successfully been adopted by the high yield investment universe over the past few of years.  Why? Because all else being equal, lower duration means lower interest-rate risk. And the number-one concern for fixed income investors over the past several years has been…

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Leverage vs. Coverage: The Importance of Multiple Metrics in Credit Analysis



Credit research is tough enough without trying to do it with one arm tied behind your back. Back in the day, credit analysts would diligently put together massive spreadsheets with all kinds of metrics that explained all aspects of a company’s financial performance and credit strength. These…

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