March 2015 archive

A Real Time Financial Experiment in High Yield Bonds

Over the coming months, I am conducting a real-time financial experiment designed to test the validity of the hypothesis that investments in high yield bonds (so-called “junk bonds”) systematically outperform investments in apparently safer options such as gilt-edged securities or investment grade corporate bonds. The High Yield Hypothesis emerged from research undertaken by W Braddock …

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