Unternehmensanleihen

I have a good set of search results for external links.

External Links Selection:

1. History/Origin:

   • Result,¹⁸,¹⁷,¹⁶ mentions the history.

   • Result¹⁵ "Corporate bonds arose in the second half of the 19th century as the demand for capital soared with industrialisation and railroad construction. The first bond issuers in the private sector were railway companies." and "The Dutch East India Company issued bonds that funded the expansion of trade routes and military conquests by European nations." (markets.com is acceptable).

   • Result "Die ersten Unternehmensanleihen gaben ersichtlich die im März 1602 gegründete Vereinigte Ostindische Kompanie und die im Juni 1621 entstandene Niederländische Westindien-Kompanie an der Amsterdamer..." (Wikipedia is generally acceptable for historical context if cross-referenced, and this specific historical fact is widely cited).

   • Let's use the Markets.com link for a more general overview of bond history and its connection to corporate bonds and the Dutch East India Company. This seems more narrative and less specific to a single company.

   • External Link 1 (History): Markets.com – A Timeline History Of Bonds - Verified, live, readable.

2. Practical Applications (Regulation/Market Data):

   • Result (SEC¹⁴.gov) provides a general overview of corporate bonds and mentions SEC oversight.

   • Result (FIN¹³RA.org) mentions TRACE system for transparency.

   • Result also¹² discusses TRACE system and market transparency.

   • Result (Ray¹¹mond James) also mentions FINRA TRACE and points to sec.gov filings.

   • SEC.gov is a highly trusted source for regulation. The "What Are Corporate Bonds? | SEC.gov" page is a¹⁰ good general resource. I will use this for regulatory context and defining corporate bonds.

   • External Link 2 (Practical Application - Regulation): What Are Corporate Bonds? | SEC.gov - Verified, live, readable.

3. Limitations/Criticisms (Default Rates/Credit Ratings):

   • Result (Moo⁹dy's) "Corporate Default and Recovery Rates, 1920-2008" - excellent for default data and Lehman Brothers example.

   • Result (Bon⁸dsavvy) "The Flaws of Corporate Bond Ratings" - discusses limitations of credit ratings.

   • Result (Ana⁷lystPrep) also covers limitations of credit ratings.

   • Result (NAI⁶C) discusses US corporate bond default and recovery rates.

   • The Moody's report is a⁵ strong, direct source for historical default rates and a significant event (Lehman Brothers).

   • External Link 3 (Limitations - Default Rates): Corporate Default and Recovery Rates, 1920-2008 - Moody's - Verified, live, readable.

4. Additional External Link (Market Trends/Risk Profile):

   • Result (Veg⁴a Economics) "Trends in the U.S. Corporate Bond Market Since the Financial Crisis" talks about increased risk profile of new corporate debt. This could be good for limitations or practical applications, showing market dynamics.

   • Result (TD ³Bank) "The Changing Landscape of the U.S. Corporate Bond Market" also talks about shifts in investment grade quality.

   • Result (IOS²CO) "Corporate Bond Markets: A Global Perspective" shows the growth and changes.

   • Let's use the Vega Economics article as i¹t focuses on trends and increased risk profile, which is highly relevant to understanding corporate bonds in a modern context. It also has a good domain.

   • External Link 4 (Market Trends/Risk Profile): Trends in the U.S. Corporate Bond Market Since the Financial Crisis - Vega Economics - Verified, live, readable. (This is a PDF but it opened directly in browser for me and is publicly accessible, so it should be fine).

All external links are verified and from trusted, diverse domains (markets.com, sec.gov, moodys.com, vegaeconomics.com).

Now, compile the LINK_POOL and then write the article.

LINK_POOL (Internal & External):