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08047cam a2200541 i 4500 |
| 001 - CONTROL NUMBER |
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u12549 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
SA-PMU |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20210418123859.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
151203s2016 enk 001 0 eng |
| 010 ## - LIBRARY OF CONGRESS CONTROL NUMBER |
|---|
| LC control number |
2015042482 |
| 040 ## - CATALOGING SOURCE |
|---|
| Original cataloging agency |
DLC |
| Language of cataloging |
eng |
| Description conventions |
rda |
| Transcribing agency |
DLC |
| Modifying agency |
YDX |
| -- |
YDXCP |
| -- |
BDX |
| -- |
OCLCF |
| -- |
OCLCQ |
| -- |
H9Z |
| -- |
SFR |
| 019 ## - |
|---|
| -- |
960169449 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
9781119134411 |
| Qualifying information |
(hardback) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
|---|
| International Standard Book Number |
1119134412 |
| Qualifying information |
(hardback) |
| 035 ## - SYSTEM CONTROL NUMBER |
|---|
| System control number |
(OCoLC)923648942 |
| Canceled/invalid control number |
(OCoLC)960169449 |
| 037 ## - SOURCE OF ACQUISITION |
|---|
| Source of stock number/acquisition |
John Wiley & Sons Inc, Order Processing Dept 432 Elizabeth Ave, Somerset, NJ, USA, 08873 |
| Note |
SAN 200-2272 |
| 042 ## - AUTHENTICATION CODE |
|---|
| Authentication code |
pcc |
| 050 00 - LIBRARY OF CONGRESS CALL NUMBER |
|---|
| Classification number |
HG4651 |
| Item number |
.B294 2016 |
| 082 00 - DEWEY DECIMAL CLASSIFICATION NUMBER |
|---|
| Classification number |
332.63/23 |
| Edition number |
23 |
| 084 ## - OTHER CLASSIFICATION NUMBER |
|---|
| Classification number |
BUS004000 |
| Number source |
bisacsh |
| 029 1# - OTHER SYSTEM CONTROL NUMBER (OCLC) |
|---|
| OCLC library identifier |
GBVCP |
| System control number |
842516689 |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
|---|
| Personal name |
Bagaria, Rajay, |
| Dates associated with a name |
1977- |
| Relator term |
author. |
| 245 10 - TITLE STATEMENT |
|---|
| Title |
High yield debt : |
| Remainder of title |
an insider's guide to the marketplace / |
| Statement of responsibility, etc. |
Rajay Bagaria. |
| 264 #1 - PRODUCTION, PUBLICATION, DISTRIBUTION, MANUFACTURE, AND COPYRIGHT NOTICE |
|---|
| Place of production, publication, distribution, manufacture |
Chichester, West Sussex : |
| Name of producer, publisher, distributor, manufacturer |
Wiley, |
| Date of production, publication, distribution, manufacture, or copyright notice |
2016. |
| 300 ## - PHYSICAL DESCRIPTION |
|---|
| Extent |
xxii, 176 pages ; |
| Dimensions |
24 cm |
| 336 ## - CONTENT TYPE |
|---|
| Content type term |
text |
| Content type code |
txt |
| Source |
rdacontent |
| 337 ## - MEDIA TYPE |
|---|
| Media type term |
unmediated |
| Media type code |
n |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
|---|
| Carrier type term |
volume |
| Carrier type code |
nc |
| Source |
rdacarrier |
| 500 ## - GENERAL NOTE |
|---|
| General note |
Includes index. |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
"Examine the high yield market for a clear understanding of this evolving asset class High Yield Debt is the one-stop resource for wealth advisors seeking an in-depth understanding of this misunderstood asset class. The high yield market provides a diverse opportunity set, including fixed and floating rate debt, high and low quality debt issues and both short- and long-term duration; but many fail to understand that not all high yield exposure is the same, and that different market segments and strategies work best at different points in the economic cycle. This guide addresses the confusion surrounding high yield debt. You'll find the information you need to decide whether or not to buy in to a high yield fund, and how to evaluate the opportunities and risks without getting lost in the jargon. The U.S. corporate high yield market is worth $2.4 trillion--more than the stock markets of most developed countries. Market growth has increased the number of funds with high yield exposure, as well as the types of debt products available for investment. This book breaks it down into concrete terms, providing the answers advisors need to effectively evaluate the opportunities on offer. Understand the high yield asset class Learn the debt structures, performance and defaults Evaluate risk and investment opportunities Penetrate the jargon to make sense of high yield investment Over 300 publicly traded funds provide exposure to U.S. high yield, but despite it's size and ubiquity, understanding of the asset class as a whole remains somewhat of a rarity--even among participants. A lack of transparency is partially to blame, but the market's evolution over the past fifteen years is the larger issue. High Yield Debt explains the modern high yield market in real terms, providing a much-needed resource for the savvy investor"-- |
| Assigning source |
Provided by publisher. |
| 520 ## - SUMMARY, ETC. |
|---|
| Summary, etc. |
"Investors, wealth advisors, investment bankers, business school students, lawyers, accountants, rating agencies and research providers are increasingly faced with difficult questions on high yield. The press frequently uses jargon that even experienced market participants have difficulty understanding. At present, there are few resources that market participants can look to for answers. While other books on the high yield market are specialized, most market participants are engaged at a level where they are simply deciding whether to buy into a high yield fund and, if so, which one. The book addresses this knowledge gap and is intended as a one stop shop for the widest possible audience, explaining high yield debt, articulating how to evaluate risk (is it junk or something more) and how to make sense of the opportunity set"-- |
| Assigning source |
Provided by publisher. |
| 505 00 - FORMATTED CONTENTS NOTE |
|---|
| Formatted contents note |
Machine generated contents note: |
| Miscellaneous information |
ch. 1 |
| Title |
Development of the High Yield Industry -- |
| Miscellaneous information |
1.1. |
| Title |
What is High Yield Debt? -- |
| Miscellaneous information |
1.2. |
| Title |
The Importance of Credit Ratings -- |
| Miscellaneous information |
1.3. |
| Title |
The Origins of High Yield -- |
| Miscellaneous information |
1.4. |
| Title |
Advent of the Leveraged Buyout -- |
| Miscellaneous information |
1.5. |
| Title |
Junk Bonds -- |
| Miscellaneous information |
1.6. |
| Title |
Market Maturation and Growth -- |
| Miscellaneous information |
1.7. |
| Title |
High Yield Today -- |
| Miscellaneous information |
1.8. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 2 |
| Title |
High Yield Issuers -- |
| Miscellaneous information |
2.1. |
| Title |
High Yield Issuers -- |
| Miscellaneous information |
2.2. |
| Title |
Capital Structure Considerations -- |
| Miscellaneous information |
2.3. |
| Title |
Choosing Between High Yield Bonds and Leveraged Loans -- |
| Miscellaneous information |
2.4. |
| Title |
High Yield Issuers by Industry -- |
| Miscellaneous information |
2.5. |
| Title |
Purpose of High Yield Debt -- |
| Miscellaneous information |
2.6. |
| Title |
The Role of Investment Banks -- |
| Miscellaneous information |
2.7. |
| Title |
The High Yield Capital Raising Process -- |
| Miscellaneous information |
2.8. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 3 |
| Title |
Buying High Yield Debt -- |
| Miscellaneous information |
3.1. |
| Title |
Who Can Buy High Yield Bonds? -- |
| Miscellaneous information |
3.2. |
| Title |
Who Can Buy Leveraged Loans? -- |
| Miscellaneous information |
3.3. |
| Title |
Buyers of High Yield Debt -- |
| Miscellaneous information |
3.4. |
| Title |
Investment Mandates Impact Volatility -- |
| Miscellaneous information |
3.5. |
| Title |
Collateralized Loan Obligations (CLOs) -- |
| Miscellaneous information |
3.6. |
| Title |
Implications of an OTC Market -- |
| Miscellaneous information |
3.7. |
| Title |
Tracking High Yield Liquidity -- |
| Miscellaneous information |
3.8. |
| Title |
Total Return Swaps and Margin Finance -- |
| Miscellaneous information |
3.9. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 4 |
| Title |
High Yield Financial Concepts -- |
| Miscellaneous information |
4.1. |
| Title |
Key Economic Terms of High Yield Debt -- |
| Miscellaneous information |
4.2. |
| Title |
High Yield Call Protection -- |
| Miscellaneous information |
4.3. |
| Title |
Fixed Versus Floating Rate Debt -- |
| Miscellaneous information |
4.4. |
| Title |
Bond Yields, the Risk-Free Rate, and Credit Spreads -- |
| Miscellaneous information |
4.5. |
| Title |
More Advanced Yield and Spread Concepts -- |
| Miscellaneous information |
4.6. |
| Title |
Common Issuer Metrics Tracked -- |
| Miscellaneous information |
4.7. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 5 |
| Title |
Debt Structures -- |
| Miscellaneous information |
5.1. |
| Title |
Ranking and Subordination -- |
| Miscellaneous information |
5.2. |
| Title |
Operating and Holding Companies -- |
| Miscellaneous information |
5.3. |
| Title |
Leveraged Loan Structures -- |
| Miscellaneous information |
5.4. |
| Title |
High Yield Bond Structures -- |
| Miscellaneous information |
5.5. |
| Title |
Payment-in-Kind Debt -- |
| Miscellaneous information |
5.6. |
| Title |
AHYDO -- |
| Miscellaneous information |
5.7. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 6 |
| Title |
Credit Agreements and Legal Considerations -- |
| Miscellaneous information |
6.1. |
| Title |
Loan Credit Agreements and Bond Indentures -- |
| Miscellaneous information |
6.2. |
| Title |
Roadmap to High Yield Documentation -- |
| Miscellaneous information |
6.3. |
| Title |
Affirmative and Negative Covenants -- |
| Miscellaneous information |
6.4. |
| Title |
Incurrence-Based Versus Maintenance Covenants -- |
| Miscellaneous information |
6.5. |
| Title |
Covenant-Lite -- What Does It Mean? -- |
| Miscellaneous information |
6.6. |
| Title |
More Advanced Credit Agreement Provisions -- |
| Miscellaneous information |
6.7. |
| Title |
Sacred Rights and Bankruptcy Resolution -- |
| Miscellaneous information |
6.8. |
| Title |
Recent Legislation -- |
| Miscellaneous information |
6.9. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 7 |
| Title |
High Yield Asset Class Performance -- |
| Miscellaneous information |
7.1. |
| Title |
Total Returns, Volatility, and the Sharpe Ratio -- |
| Miscellaneous information |
7.2. |
| Title |
Comparative Asset Class Performance -- |
| Miscellaneous information |
7.3. |
| Title |
Annual Performance Variations -- |
| Miscellaneous information |
7.4. |
| Title |
High Yield Bond and Leveraged Loan Price Volatility -- |
| Miscellaneous information |
7.5. |
| Title |
Returns by Ratings -- |
| Miscellaneous information |
7.6. |
| Title |
Beta and Correlation Analysis -- |
| Miscellaneous information |
7.7. |
| Title |
Interest Rate Risk -- |
| Miscellaneous information |
7.8. |
| Title |
Defaults and Recoveries -- |
| Miscellaneous information |
7.9. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 8 |
| Title |
Assessing the Market Opportunity -- |
| Miscellaneous information |
8.1. |
| Title |
Sources of Market Information -- |
| Miscellaneous information |
8.2. |
| Title |
How to Evaluate High Yield Credit Spreads -- |
| Miscellaneous information |
8.3. |
| Title |
Putting Historical Credit Spreads into Context -- |
| Miscellaneous information |
8.4. |
| Title |
Tracking Issuer Fundamentals -- |
| Miscellaneous information |
8.5. |
| Title |
The Maturity Wall -- |
| Miscellaneous information |
8.6. |
| Title |
Monitoring Excessive Risk-Taking -- |
| Miscellaneous information |
8.7. |
| Title |
High Yield Supply and Demand -- |
| Miscellaneous information |
8.8. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 9 |
| Title |
1940 Act High Yield Investment Funds -- |
| Miscellaneous information |
9.1. |
| Title |
The Investment Company Act of 1940 -- |
| Miscellaneous information |
9.2. |
| Title |
High Yield Mutual Funds -- |
| Miscellaneous information |
9.3. |
| Title |
High Yield ETFs -- |
| Miscellaneous information |
9.4. |
| Title |
High Yield Closed-End Funds -- |
| Miscellaneous information |
9.5. |
| Title |
Comparison of Closed-End and Open-End Fund Returns -- |
| Miscellaneous information |
9.6. |
| Title |
Business Development Companies -- |
| Miscellaneous information |
9.7. |
| Title |
Summary -- |
| Miscellaneous information |
ch. 10 |
| Title |
Mezzanine Debt, Distressed Debt, and Credit Hedge Funds -- |
| Miscellaneous information |
10.1. |
| Title |
Private Investment Funds -- |
| Miscellaneous information |
10.2. |
| Title |
Mezzanine Debt Funds -- |
| Miscellaneous information |
10.3. |
| Title |
Distressed Debt Funds -- |
| Miscellaneous information |
10.4. |
| Title |
Credit Hedge Funds -- |
| Miscellaneous information |
10.5. |
| Title |
Summary. |
| 596 ## - |
|---|
| -- |
1 2 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Junk bonds. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Capital market. |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Business cycles. |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
BUSINESS & ECONOMICS |
| General subdivision |
Banks & Banking. |
| Source of heading or term |
bisacsh |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Business cycles. |
| Source of heading or term |
fast |
| Authority record control number or standard number |
(OCoLC)fst00842457 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Capital market. |
| Source of heading or term |
fast |
| Authority record control number or standard number |
(OCoLC)fst00846356 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name entry element |
Junk bonds. |
| Source of heading or term |
fast |
| Authority record control number or standard number |
(OCoLC)fst00984984 |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY |
|---|
| Relationship information |
Online version: |
| Main entry heading |
Bagaria, Rajay, 1977- |
| Title |
High yield debt. |
| Place, publisher, and date of publication |
Hoboken : Wiley, 2016 |
| International Standard Book Number |
9781119134435 |
| Record control number |
(DLC) 2015047696 |
| 856 42 - ELECTRONIC LOCATION AND ACCESS |
|---|
| Materials specified |
Cover image |
| Uniform Resource Identifier |
<a href="http://catalogimages.wiley.com/images/db/jimages/9781119134411.jpg">http://catalogimages.wiley.com/images/db/jimages/9781119134411.jpg</a> |
| 938 ## - |
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Brodart |
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BROD |
| -- |
114078106 |
| 938 ## - |
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| -- |
YBP Library Services |
| -- |
YANK |
| -- |
12637949 |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) |
|---|
| Koha item type |
Books |
| 994 ## - |
|---|
| -- |
Z0 |
| -- |
SUPMU |
| 948 ## - LOCAL PROCESSING INFORMATION (OCLC); SERIES PART DESIGNATOR (RLIN) |
|---|
| h (OCLC) |
NO HOLDINGS IN SUPMU - 54 OTHER HOLDINGS |