Yield equivalence is a concept in financial analysis that facilitates the comparison of yields between different types of debt securities, even if they have varying payment frequencies or structures.

High-yield muni yields stay elevated, potentially offering rare above-average, tax-free income potential. Spreads remain stable and balanced, signaling healthy credit conditions across muni markets.

LeasePlan’s chunky LBO trade was already impressive enough from a structuring standpoint, but a bold decision to hold off printing in the jaws of volatility was also the year’s best market call. The ...

Commentators are going back to their old habit of comparing the raw yields on 10-year bonds and making assertions about what this means about implied credit quality. The “easiest” way to get a hedged ...

Washington D.C. - May 2024: Front exterior view of the entrance to the Department of the Treasury building in Washington D.C. In my opinion, investors looking to maximize the income generated from ...

High-yield bonds offer the potential for investors to earn higher returns if they’re comfortable taking on additional credit risk. High-yield bonds are issued by entities with low credit ratings from ...