Michael Milken will always be synonymous with the term ”junkbond king.
迈克尔·米尔肯总是“风险债券之王”的同义词。
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“Even very risky human capital is more bondlike than stocklike, ” Mr. Gordon said. “The question is really, are you more like a junkbond or a Treasury?”
According to Merrill Lynch, the leveraged-loan market in Europe is already larger than the junk-bond market-which, admittedly, was not very deep in the first place.