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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Paul Kern who wrote (82938)6/21/2007 7:37:14 AM
From: orkrious  Read Replies (1) of 110194
 
A sale would give banks, brokerages and investors the one thing they want to avoid: a real price on the bonds in the fund that could serve as a benchmark. The securities are known as collateralized debt obligations, which exceed $1 trillion and comprise the fastest-growing part of the bond market.

The first one through the door will be one of the few to escape unscathed.
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