10. Credit Risk Premium

  1. Antti Ilmanen

Published Online: 25 MAY 2012

DOI: 10.1002/9781118467190.ch10

Expected Returns: An Investor's Guide to Harvesting Market Rewards

Expected Returns: An Investor's Guide to Harvesting Market Rewards

How to Cite

Ilmanen, A. (2011) Credit Risk Premium, in Expected Returns: An Investor's Guide to Harvesting Market Rewards, John Wiley & Sons, Ltd., Chichester, West Sussex, UK. doi: 10.1002/9781118467190.ch10

Publication History

  1. Published Online: 25 MAY 2012
  2. Published Print: 21 MAR 2011

ISBN Information

Print ISBN: 9781119990727

Online ISBN: 9781118467190

SEARCH

Keywords:

  • credit risk premium;
  • investment-grade credits;
  • credit bonds;
  • credit spreads;
  • expected returns

Summary

This chapter contains sections titled:

  • Introduction, terminology, and theory

  • Historical average excess returns

  • Focus on front-end trading—a pocket of attractive reward to risk

  • Understanding credit spreads and their drivers

  • Tactical forecasting of corporate bond outperformance

  • Assessing other non-government debt

  • Concluding remarks

  • Notes