The default risk premium for U.S. corporate bonds was greater in the last 50 years of the 20th century than in the first decade if the 21st century.

Name: The default risk premium for U.S. corporate bonds was greater in the last 50 years of the 20th century than in the first decade if the 21st century.
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The default risk premium for U.S. corporate bonds was higher in the first decade of the 21st century than in the last 50 years of the 20th century, mainly due to the 2008 financial crisis.

The Default Risk Premium for U