Leveraged Financial Markets: Loans, High-Yield Bonds, and Credit Default Swaps

The most complete guide available to the high-yield and distressed-debt markets
Leveraged Financial Markets opens up a world where investors take short and long positions on the riskiest forms of debt financing. Through the eyes of the players and thinkers who live in the high-yield and distressed debt markets, this timely book gives you the background and strategies you need to successfully diversify your portfolio and capture a higher return on your investment.

You’ll hit the ground running with this book’s proven models and formulas for implementing covered strategies in the real world. Leveraged Financial Markets features perspectives from the world’s top authorities on high-yield bonds, credit derivatives, and other forms of distressed debt. It’s a must-have for every investor who wants to:

•Diversify risk in a meritable asset class
•Lock in an excellent risk return profile
•Develop significant annual cash flows
From the nuts and bolts of leveraged finance to the differences between CLOs and structured finance CDOs to common pitfalls of high-yield assets—Leveraged Financial Markets helps you master one of the riskiest yet most profitable markets in finance today.