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Politics : Ask Michael Burke

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To: Freedom Fighter who wrote (64214)	7/8/1999 4:40:00 PM
From: sammaster	Read Replies (1) of 132070

anyone know what happened junk bonds today?.... the strength of the long bond today may be the flight to quality that we witness last sept-oct.. widening spreads will mean furhter deleveraging i would assume since most hedge funds short the long bond and buy the junks to get the difference..if long bond strenghens and junk bonds fall then their will be pain all around... samir

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