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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Tommaso who wrote (49063)1/9/2006 8:55:57 AM
From: russwinter  Read Replies (2) of 110194
 
and that loss of value would simply vanish for the time being, not exactly going to "money heaven" as loss of stock values does, since the bonds are guaranteed to be paid off in currency, or at least in money.>

There are trillions in MBS, ABS, junk bonds, bank repos, commercial paper, that will evaporate, default or have credit downgrades, even if the credit of US Treasuries is not strongly affected.
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