HIGH-YIELD BONDS provides state-of-the-art research, strategies, and toolsÑalongside the expert analysis of respected authorities including Edward Altman of New York UniversityÕs Salomon Center, Lea Carty of MoodyÕs Investor Service, Sam DeRosa-Farag of Donaldson, Lufkin &amp; Jenrette, Martin Fridson of Merrill Lynch &amp; Company, Stuart Gilson of Harvard University, Robert Kricheff of CS First Boston, and Frank Reilly of the University of Notre DameÑto help you truly understand todayÕs high-yield market. For added value and ease of reference, this high-level one-volume encyclopedia is divided into seven sections detailing virtually every aspect of high-yield bond investment. They include: Market structureÑThe role of investment banks in security innovation and market development, evolution of analytical methodologies, and recent leveraged loan market developments; Security risk analysisÑHistorical bond default rates, real interest rate and default rate relationships, and new simulation methodologies for modeling credit quality; Security valuationÑImpact of seniority and security on bond pricing and return, important trading factors, and a Monte Carlo simulation methodology for valuing bonds and options in the context of correlated interest rate and credit risk; Market valuation modelsÑEconometric studies which detail the importance of monetary influences, risk-free interest rates, default rates, mutual fund flows, and seasonal fluctuations; Portfolio managementÑHistorical perspective and comparison to alternative investments, analysis of indices available to investors, and specific portfolio selection and risk management strategies of professional fund managers; Distressed security investingÑHistorical risk and return information, plus an academic overview of the market and decision criteria for uncovering and investing in securities with higher-than-average risk-adjusted returns; Corporate finance considerationsÑEmerging firmsÕ strategic choice between external debt and equity financing, as well as the choice of issuing public versus private (Rule-144a) securities. HIGH-YIELD BONDS provides extensive coverage of bond valuation and the construction and management of high-yield portfolios. Advanced Monte Carlo simulation models for the valuation of bonds and options on bonds as well as risk assessments on portfolios of bonds under conditions of correlated interest rate and credit risk are demonstrated. In todayÕs explosive environment of multiple new issues and high risk versus return relationships, it is paramount that you get advice from analysts and experts who have been influential in shaping and defining the market. HIGH-YIELD BONDS will provide you with a valuable reference to this fascinating and constantly changing class of securities, helping you assemble a stable, diversified portfolio of fixed income investments that provides the greatest returns and the lowest risks.

High Yield Bonds: Market Structure, Valuation, and Portfolio Strategies

Business & Money

Barnhill,Theodore

Shenkman,Mark

Maxwell,William

Economics

McGraw=Hill

Whether you're a money manager or an institutional investor, you can turn to Leveraged Financial Markets for a comprehensive overview of the volatile yet lucrative high-yield debt market (a.k.a. junk bonds). This expert investment tool details every essential aspect of high-yield bonds, and also covers collateralized debt obligations (CDOs), credit derivative swaps (CDSs), collateralized loan obligations (CLOs), and leveraged loans.

Leveraged Financial Markets: Loans, High-yield Bonds, and Credit Default Swaps

All the Days and Nights (Vintage Classics)

Literature & Fiction

Contemporary

Vintage Classics

So Long, See You Tomorrow

THIS ORANGE INHERITANCE EDITION OF So Long, See You Tomorrow IS PUBLISHED IN ASSOCIATION WITH THE ORANGE PRIZE FOR FICTION Books shape our lives and transform the way we see ourselves and each other. The best books are timeless and continue to be relevant generation after generation. Vintage Classics asked the winners of The Orange Prize for Fiction which books they would pass onto the next generation and why. Ann Patchett chose So Long, See You Tomorrow. In rural Illinois two tenant farmers share much, finally too much, until jealously leads to murder and suicide. A tenuous friendship between lonely teenagers - the narrator, whose mother has died young, and Cletus Smith, the troubled witness to his parent's misery - is shattered. After the murder and upheavals that follow, the boys never speak again. Fifty years on, the narrator attempts a reconstruction of those devastating events and the atonement of a lifetime's regret. 'The novel comes from a place so deep inside the human soul that I cannot imagine a time its wisdom would not feel fresh and applicable' Ann Patchett

SO LONG, SEE YOU TOMORROW

Literary

Vintage Classic

An overview plus useful facts give basic data on the country and getting there, but each region is described in detail by various individuals

The Penguin Guide to Ireland 1989

History

Europe

Penguin??Books

The Penguin Guide to Ireland 1990

Howard "Stretch" Johnson, a charismatic Harlemite who graduated from Cotton Club dancer to Communist Party youth leader, once claimed that in late 1930s New York "75% of black cultural figures had Party membership or maintained regular meaningful contact with the Party." He stretched the truth, but barely. In a broad-ranging, revisionary account of the extensive relationship between African-American literary culture and Communism in the 1920s and 1930s, William J. Maxwell uncovers both black literature's debt to Communism and Communism's debt to black literature―reciprocal obligations first incurred during the Harlem Renaissance. Juxtaposing well-known and newly rediscovered works by Claude McKay, Andy Razaf, Mike Gold, Langston Hughes, Louise Thompson, Richard Wright, Zora Neale Hurston, and Nelson Algren, Maxwell maintains that the "Old," Soviet-allied Left promoted a spectrum of exchanges between black and white authors, genres, theories, and cultural institutions. Channels opened between radical Harlem and Bolshevik Moscow, between the New Negro renaissance and proletarian literature. Claude McKay's 1922-23 pilgrimage to the Soviet Union, for example, usually recalled as a lighthearted adventure in radical tourism, actually jumpstarted the Comintern's controversial nation-centered program for Afro America. Breaking from studies governed by Cold War investments and pivoting on the Great Depression, Maxwell argues that Communism's rare sustenance for African-American initiative―not a seduction of Depression-scarred innocents―brought scores of literary "New Negroes" to the Old Left.

New Negro, Old Left

History & Criticism

Columbia University Press

Complete Poems (American Poetry Recovery Series)

Containing more than three hundred poems, including nearly a hundred previously unpublished works, this unique collection showcases the intellectual range of Claude McKay (1889-1948), the Jamaican-born poet and novelist whose life and work were marked by restless travel and steadfast social protest. McKay's first poems were composed in rural Jamaican creole and launched his lifelong commitment to representing everyday black culture from the bottom up. Migrating to New York, he reinvigorated the English sonnet and helped spark the Harlem Renaissance with poems such as "If We Must Die." After coming under scrutiny for his communism, he traveled throughout Europe and North Africa for twelve years and returned to Harlem in 1934, having denounced Stalin's Soviet Union. By then, McKay's pristine "violent sonnets" were giving way to confessional lyrics informed by his newfound Catholicism.
McKay's verse eludes easy definition, yet this complete anthology, vividly introduced and carefully annotated by William J. Maxwell, acquaints readers with the full transnational evolution of a major voice in twentieth-century poetry.

MCKAY, Claude

Poetry

University of Illinois Press

In this magically evocative novel, William Maxwell explores the enigmatic gravity of the past, which compels us to keep explaining it even as it makes liars out of us every time we try. On a winter morning in the 1920s, a shot rings out on a farm in rural Illinois. A man named Lloyd Wilson has been killed. And the tenuous friendship between two lonely teenagersâ€”one privileged yet neglected, the other a troubled farm boyâ€”has been shattered.Fifty years later, one of those boysâ€”now a grown manâ€”tries to reconstruct the events that led up to the murder. In doing so, he is inevitably drawn back to his lost friend Cletus, who has the misfortune of being the son of Wilson's killer and who in the months before witnessed things that Maxwell's narrator can only guess at. Out of memory and imagination, the surmises of children and the destructive passions of their parents, Maxwell creates a luminous American classic of youth and loss.

Ballantine Books

Twelve stories, representing thirty years of Maxwell's work, trace the lines of attraction between people and between people and places, in New York, the Midwest, and France, and the weakening of those lines

Over by the River

Short Stories & Anthologies

KNOPF

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Books by Maxwell,William