Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Oblomov who wrote (41808)	11/29/2000 12:23:18 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<AA and AAA corporate spreads continue to narrow>> Hmmm, PruBear listed the AAA spread @ 174 BP's, only 3 off the high for the year. Curve still pretty inverted, though. I think the real wild card here remains credit quality, though, and I'm looking forward to the bank CC's in the upcoming quarter.....

To: Oblomov who wrote (41808)	11/29/2000 1:14:13 PM
From: Lymond	Respond to of 436258

Um, not really. Double-A corporate spreads did rebound off the wides in late October, but have been drifting out again over the past 2-3 weeks. And certain groups in the single-A area have recently been blasted, particularly financials, autos and telecoms. Agencies have fared the best, out only 4-5 bps from their recent tights earlier in the month. Re: the curve, 2s/30s has steepened a good bit in the past few days, but has yet to decisively break out of the range in place since mid September. I suspect banks are bouncing here owing to some short covering and rotation out of tech. BKX is a good short here, IMO.