High-Yield Bonds

High-Yield Bonds

• Junk Bonds

• Harold G. Fraine pioneered use of the term “high-yield bond” in 1937.

1994 – AP – Fraine’s Neglected Findings: Was Hickman Wrong?, by Martin S. Fridson, Financial Analysts Journal, Vol. 50, No. 5 (Sep. – Oct., 1994), pp. 43-53 (11 pages), NBER, Study – JSTOR