High Yield Bonds:

Nature of the Market and Effect on Federally Insured Institutions

GGD-88-75: Published: May 1, 1988. Publicly Released: May 1, 1988.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

In compliance with a legislative requirement, GAO held a joint public hearing with the Security and Exchange Commission, Federal Home Loan Bank Board, Comptroller of the Currency, Federal Reserve System, Federal Savings and Loan Insurance Corporation, Federal Deposit Insurance Corporation, Department of the Treasury, and Department of Labor concerning the nature of the high yield bond market and its effect on federally insured institutions.

Various representatives of academia, bond rating services, bond issuers, savings and loans institutions, and mutual fund managers provided their views on: (1) direct investment in high yield bonds; (2) the benefits of high yield bonds; (3) thrift institutions' investments in high yield bonds; (4) the assessment of default risk and the credit quality of U.S. corporations; (5) use of high yield bonds for corporate financing; and (6) government regulation of high yield bonds.

Nov 16, 2016

Nov 15, 2016

Sep 22, 2016

Sep 15, 2016

Aug 15, 2016

Aug 1, 2016

Jun 20, 2016

Jun 13, 2016

May 25, 2016

Looking for more? Browse all our products here