The Protracted Conflict: Lenin to the Rescue

High yield bonds are a flexible and cost-effective source of long-term, fixed-rate funds. Since 1977, over 1,200 American companies have turned to the public debt market to issue more than $114 billion of debt rate less than investment grade. Almost 75% of those funds have been used for internal growth and development-to construct buildings, purchase new equipment, hire more personnel, or expand research and development for new technologies and products.

High yield issuers include some of our nation’s fastest growing companies, and account for virtually all the new job development in the United States over the last decade. In the last three years, high yield issuers have increased their revenues by 32%, almost three times the rate of investment grade companies.

BC

About the Author

Brian Crozier

High yield bonds are a flexible and cost-effective source of long-term, fixed-rate funds. Since 1977, over 1,200 American companies have turned to the public debt market to issue more than $114 billion of debt rate less than investment grade. Almost 75% of those funds have been used for internal growth and development-to construct buildings, purchase new equipment, hire more personnel, or expand research and development for new technologies and products.

High yield issuers include some of our nation’s fastest growing companies, and account for virtually all the new job development in the United States over the last decade. In the last three years, high yield issuers have increased their revenues by 32%, almost three times the rate of investment grade companies.