Beyond Junk Bonds: Expanding High Yield Markets

Rating:
Summary: A Good Reference Piece
Review: This book has a somewhat too academic feel. Meant more as a history book than a treatise on HY bonds - it does provide an excellent backdrop for future thought processes and how the current market's recent tightening fits with empirical analysis.
I recommend this book for any junk trader or bond manager with manadates for HY as a must-read for added perspective BUt do not expect to be over-whelmed by insights into CDOs, CSOs, or trading strategies in the current markets.