Yukyung Choi

Associate Director-Quantitative Research, Credit Risk Analytics

Yukyung is a member of the research team within the Credit Risk Analytics Group at Moody’s Analytics. She focuses on research projects related to fixed income and equity strategies for buy side and other clients. She contributed to developing the CreditEdge Alpha Factor and the firstEDF-based ETF launched by Ossiam. Her expertise is also utilized on other CreditEdge customized projects pertaining to asset managers. In addition, Yukyung is a co-author of various practical research papers. One of her papers was published in the Journal of Fixed Income. Before joining Moody's, Yukyung was at Lehman Brothers as a fixed income strategist in the asset allocation group.

Yukyung started her career as a macro strategist at a pan-Asia hedge fund. She has an M.S. in Statistics from Columbia University.

Expertise

solutions

Credit Risk Modeling: Moody’s Analytics delivers award-winning credit models and expert advisory services to provide you with best-in-class credit risk modeling solutions.

Portfolio Optimization: Quantify diversification benefits across portfolios and define risk types that inform risk management and active asset allocation decisions.

Published Work

Article

Weekly Market Outlook: Positive Earnings Outlook Requires Flat to Lower Interest Rates

After shrinking by 0.6% year over year during January-September 2019, yearlong 2019's core after-tax profits may be unchanged annually, at best.

January 2020

Article

Weekly Market Outlook: Overvalued Equities Increase Corporate Credit's Downside Risk

An overvalued equity market increases the risk of a deep sell-off of equities that will damage corporate credit.

January 2020

Article

Close up of Benjamin Franklin image on US 100 dollar bill

Weekly Market Outlook: High-Yield Rating Changes Say High-Yield Bond Spread Is Too Thin

High-yield bonds have rallied mightily despite the lack of any observable broad-based acceleration of either business sales or corporate earnings

December 2019

Article

Cover image, illustration of two people playing chess

Weekly Market Outlook: Return of Christmas Past Does Not Impend

More than 20% of the European Union's population is at least 65 years of age. Partly because of an unprecedented aging of the EU's slowly growing population, the average annual rate of economic growth for the EU has slowed from the 2.7% of 2004-2007 to the projected 1.2% of 2019-2020.

December 2019

Article

Double exposed photo of hand working on laptop with charts overlay

Weekly Market Outlook: Next Plunge by Profits to Drive Leverage Up to 2009 High

U.S. business activity has not been exceeding its reach, and that will help extend the long-lived bull market and record-long economic recovery.

November 2019

Article

Weekly Market Outlook: Equities Advanced for 95% of the Yearly Declines by High-Yield Bond Spread

The market value of U.S. common stock has been setting new record highs. However, U.S. corporate credit spreads for both bonds and loans have yet to approach their lows of the current business cycle upturn, never mind their existing record lows.

November 2019