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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: andiron who wrote (62609)1/23/2007 3:24:43 PM
From: Crimson Ghost   of 116555
 
Actually it moves in the SAME direction as spreads. My mistake.

AFBIX drops when spreads are norrowing and rises when spreads are widening.

It has dropped recently despite the rise in yields.

Junk spreads are all that matter for AFIBX
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