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Politics : Ask Michael Burke

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To: sammaster who wrote (64215)7/9/1999 11:28:00 AM
From: Knighty Tin  Read Replies (1) of 132070
 
Samir, The junks fell due to Ford's big, and now, increased, offering today. Ford is not a junk, but the same folks who play investment grade corporates trade off of junk spreads, so they are unwilling to pay up for junks with that overhead.
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