High Yield Bonds: Issues Concerning Thrift Investments in High Yield Bonds
GGD-89-48
Published: Mar 02, 1989. Publicly Released: Mar 02, 1989.
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Highlights
Pursuant to a legislative requirement, GAO discussed the high-yield bond market, focusing on: (1) federally insured thrifts' investments in high-yield bonds; (2) state and federal regulation of such investments; and (3) the relationship of high-yield bonds to federal monetary policy.
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Bank managementBanking regulationBonds (securities)Funds managementInsured commercial banksInvestmentsMonetary policiesSavings and loan associationsSecurities regulationBond market