Understanding aggregate default rates of high yield bonds

The New York-New Jersey region's hard-earned recovery in employment is being overshadowed by ongoing job losses in certain sectors and the prospect of moderating growth in the United States as a whole. Fortunately, several positive trends are bolstering the region's employment picture. Strength in the services sector, a falloff in restructuring, and gains in income point to continuing--though modest--regional job growth in 1996.

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Year of publication:	1996
Authors:	Helwege, Jean ; Kleiman, Paul
Published in:	Current Issues in Economics and Finance. - Federal Reserve Bank of New York. - Vol. 2.1996, May, 6
Publisher:	Federal Reserve Bank of New York
Subject:	Bonds

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Extent:	text/html application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

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