On the Fritz


Try this test of your financial acumen:

1. You are in the market for a new car. With car sales slumping, one of the manufacturers offers a long-term extended warranty at no extra charge. Do you:

a) Grab the deal?

b) Buy, but decline the warranty on the grounds that you believe the manufacturer will lose money by throwing it in for free?

My guess is that the majority of high yield bond managers will take only a fraction of a nanosecond to reject option ‘b’. Strangely, though, many of

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: