Financial Markets: Issuers, Purchasers, and Purposes of High Yield, Non-Investment Grade Bonds
GGD-88-55FS
Published: Feb 29, 1988. Publicly Released: Feb 29, 1988.
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Highlights
In response to a legislative requirement, GAO provided information on high-yield, non-investment-grade bonds, focusing on the: (1) issuers and purchasers of such bonds; (2) reasons for issuing such bonds; and (3) extent of risk, in comparison to other kinds of investments, such bonds represent to federally insured institutions.
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Bonds (securities)Funds managementInsurance companiesInsured commercial banksInvestment companiesInvestmentsMonetary policiesSecurities regulationSavings and loan associationMutual funds