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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

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 individual account here