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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