Developments in the High-Yield Municipal Bond Market
Author: Paul J. Flynn.
Source: Volume 22, Number 04, Winter 2001 , pp.69-85(17)
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Abstract:
This panel surveyed developments in the high-yield market seen through the eyes of experienced individuals from the buy and sell sides. Representing the primary market is Greg Carey of Salomon Smith Barney. Greg represents a highly successful public-finance organization that underwrites a sizeable share of the municipal high-yield primary market. Greg examines developments in issuance, commenting on sectors both new and old, that can be sold today and what works and what doesn’t work in getting deals done. Gary Lasman from the Liberty Funds represents the buy side. Gary helps to manage high-yield funds at the Liberty Funds, and he looks at the market in light of the Heartland scare and what what winning strategies are in the management of highyield portfolios.Keywords:
Affiliations:
1: Zurich Scudder Investments.