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The High-Yield Debt Market: 1980-1990

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Did the collapse of Drexel Burnham Lambert in February signal the end of the high-yield debt market? Considering that the economic forces responsible for creating the market remain in place, it is unlikely that junk bonds will disappear any time soon.

Did the collapse of Drexel Burnham Lambert in February signal the end of the high-yield debt market? Considering that the economic forces responsible for creating the market remain in place, it is unlikely that junk bonds will disappear any time soon.


Suggested citation: Hoskins, W. Lee, 1990. "The High-Yield Debt Market: 1980-1990," Federal Reserve Bank of Cleveland, Economic Commentary, 04.01.1990.

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