With the rise of quantitative credit trading, investors are looking for novel data to better understand their investment risks and drive investment decisions through statistical models.
A sub-market that investors frequently look to in search of yield is the high-yield corporate bond market. In that market, investors fear that the company will default on their debt, and they will lose their money! That is why, the most important risk to consider is the default risk when investing in these bonds.
You can now read the full blog post at the link below