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Distressed bonds have yields to maturity at least 10 percentage points above those of similar Treasury securities.
That's a couple of percentage points more than the yield on similar Treasury bonds, but it's far below the rate you'd expect if default was deemed likely.
The Supreme Court upheld similar Treasury regulations in 1984, and travel to a handful of countries, like Iran, Libya and North Korea, is subject to restrictions.
The difference between the yield on long-term debt guaranteed by Fannie Mae and that of similar Treasury debt rose to its largest level in more than 20 years, providing a new sign of the nervousness that has affected financial markets.
His model says the yield spread between the Bank of America Merrill Lynch High Yield Master II index and similar Treasury securities should now be around 6.5 percentage points, based on historical spreads as well as economic conditions, current default rates and the relative availability of bank credit.
A typical junk bond pays 11 percentage points more in yield than similar Treasury notes.
Similar(53)
Both methods yielded similar PMF profiles.
A similar House committee began investigations the following month.
A similar NASA experiment 13 months ago also failed.
A similar House version was introduced this month.
Several European parliament resolutions have called for similar EU measures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com