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Non-Tech : Tyco International Limited (TYC)

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To: Terrapin who wrote (2904)2/13/2002 5:15:34 AM
From: JDN  Read Replies (1) of 3770
 
I am not that knowledgeable about bonds but when I looked into the TYCO bonds I found that the LOW prices were what you had to sell them for BUT to BUY them there was about a 10point spread, meaning the bond TRADERS were making the big bucks not an opportunity for the individual. ie when the were 85 or so you actually had to pay 95 or so to purchase. Anyone want to shed any light on this? jdn
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