John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (5315)	12/25/2001 8:51:40 PM
From: Oblomov	Read Replies (1) of 33421

JP, why does there need to be a "benchmark"? Why can't different IB firms use different benchmarks? Then, a potential bond issuer could shop for the best deal, and the market would effectively set the yield of the debt.

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