Retrieving "Risky Bond" from the archives

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1. Risk Premiums

   Linked via "risky bond"

   Default Risk Premium (Credit Spread)
   This premium compensates creditors for the probability that a borrower (corporate or sovereign) will fail to meet its debt obligations. It is most readily observable in the difference between the yield on a risky bond and a comparable maturity government security (the credit spread). For corporate bonds, the premium is strongly correlated with the issuer's "[Corporat…