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The reversal in Greek markets included insurance contracts on bonds pricing in a higher likelihood of default.
While a student at Berkeley in the late 1960s, Mr Milken came across empirical support for his hunch that a portfolio of these high-yield bonds would outperform an investment-grade portfolio, even taking into account the higher likelihood of default.
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With about 1,800 appointments a day in our clinics, the majority of which are actualised without intervention, having such predictions may lead to cost savings by targeting interventions towards patients with higher likelihood of defaulting.
The company's bonds are trading at deeply distressed levels that suggest a high likelihood of default.
According to the S.E.C. suit, a hedge fund manager, John Paulson, helped ACA Management select mortgage securities in 2007 that he thought had a high likelihood of defaulting, which were then bundled together by Goldman Sachs and sold to investors.
To avoid the risk of default, you should shun junk bonds, which offer attractive yields but also more volatility and a higher likelihood of non-payment, and stick to bonds rated BBB and higher.
Their concerns stem from the higher likelihood of serious side effects from the vaccine.
"It is a longer-term process," he said, "but it has a higher likelihood of success".
Higher likelihood of investment success and a win-win situation for all.
The higher likelihood of these companies raising follow-on financing is supported by the data.
This test score continues to be an indicator of higher likelihood of graduating from high school".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com