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Thomas J. Sowanick was named director of global bond research.
He is an associate in high-yield bond research at Morgan Stanley in New York.
Carol Levenson, director of research for the bond research firm Gimme Credit, was even more blunt.
He was about to be promoted from bond research to salesman.
"The banks have had enough, and understandably so," said Vicki Bryan, an analyst with Gimme Credit, a bond research firm.
Mr. Zervigon, 34, is an executive director for high-yield bond research at Morgan Stanley, the investment bank in Manhattan.
Similar(7)
Perhaps the most telling detail about the state of junk-bond research is that it is free.
The bride, 23, is a high-yield-bond research analyst at Lehman Brothers in New York whose focus is the corporate debt of companies in the gambling and leisure industry.
The bond-research firm is one of several on Wall Street that is bolstering its ranks of junk-bond analysts.
But as James Bianco, who runs an eponymous bond-research firm, explains, investors in fixed-income securities face two types of risk.
Vicki Bryan of Gimme Credit, a bond-research firm, worries that Vanguard's shopping spree (and dividends to its shareholders) have left it with excessive borrowings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com