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: Optimism Rules Despite Unfinished Slowing of Core Business Sales

The market value of U.S. common stock has been setting new record highs with regularity. The market appears to be supremely confident of two things.

February 2020

Article

Dealing With Fallen Angel Risk

Highly Commended for Best Fixed Income Paper in the 2019 Savvy Investor Awards, this paper tests the early warning power of the CreditEdge Deterioration Probability (DP) metric for Fallen Angel downgrades.

February 2020

Article

Double exposed photo of hand working on laptop with charts overlay

Weekly Market Outlook: Baa-Rated Corporates Fared Better in 2019

At the end of 1999, the $510 billion of Baa-rated bonds approximated 24% of the $2.098 trillion of outstanding investment-grade bond obligations of U.S. corporations.

February 2020

Article

Weekly Market Outlook: Richly Priced Stocks Fall Short of 1999-2000's Gross Overvaluation

All else the same, the market value of U.S. common equity needs to rise by another 28% before it matches the severity of its gross overvaluation of 1999-2000.

February 2020

Article

Image of many silver and one blue ball bearing

How Corporate Credit Might Burst an Equity Bubble

Highly leveraged corporate balance sheets have often been cited as one of the greater threats to both the most richly valued U.S. equity market since 2000 and a record-long business cycle upturn.

January 2020

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