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Economic Commentary

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.

04.01.1990ISSN 2163-3738 EC 4/1/1990

The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This paper and its data are subject to revision; please visit clevelandfed.org for updates.

Suggested Citation

Jefferis, Richard , Jr. 1990. “The High-Yield Debt Market: 1980-1990.” Federal Reserve Bank of Cleveland, Economic Commentary 4/1/1990.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International