Faculty News

Research on bond defaults from Stern's Salomon Center for the Study of Financial Institutions is cited

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Excerpt from CNBC -- "Certainly, defaults on high-yield bonds have been rising. The trailing 12-month default rate on high-yield bonds was 2.3 percent in the third quarter, up from 1.97 percent as of the middle of the year, according to the NYU Stern Salomon Center for the Study of Financial Institutions, which expects the rate as of Sept. 30, 2016, to reach 4.3 percent."

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