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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Crimson Ghost who wrote (11576)12/7/2001 11:48:37 PM
From: Doug Shapiro  Read Replies (1) of 99280
 
Do junk bonds respond to improvements in the fundamentals of the companies as the economy grows or are they interest rate related?
I expect the fed to hold tight 12/11 and adopt a wait and see stance. Will this help junk bond funds? I remember in early 1994 when AG raised rates bond funds tanked big time.

How or why does junk behave differently?

Doug
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