Enterprising Investor
Practical analysis for investment professionals

corporate bonds


Think We’ve Seen the Last +1,000-BPS High Yield Spread? Think Again

Think +1,000-bps high yield spreads are history? Marty Fridson shows why they could still hit that mark in the next recession.

Book Review: Reminiscences of a Bond Operator

Mark Rieder’s Reminiscences of a Bond Operator is a hands-on guide to corporate bond analysis, fixed-income portfolio construction, and navigating today’s evolving private credit landscape.

Have Central Bank Interventions Repriced Corporate Credit? Part 1

Have the Fed's and ECB's purchases of corporate bonds permanently altered the pricing of corporate credit risk?

Modern Variants of Capitalism, Part 2: Financial Capitalism

In financial capitalism, wealth is transaction-based rather than operational.

Did Corporate Bond ETFs Kill the “Alpha Stars”?

The race for scale among active managers in response to low-cost ETF competition may be self-defeating.

Anne Walsh, CFA, Warns of Cumulative Credit Losses

Recession risks are "very, very high," says Anne Walsh, CFA.

Top Five Articles from August: Growth vs. Value, Blockchain, Tax-Loss Harvesting

In August's leading posts, Larry Cao, CFA, receives a blockchain update, Julie Hammond, CFA, considers the state of fixed income, and Clare Flynn Levy shares tips for succeeding as a portfolio manager.

Watch the Leverage!

“We’re transitioning into a very delicate and challenging time for fixed-income investing,” Anne Walsh, CFA, told the audience at the 63rd Annual Financial Analysts Seminar.