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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (2587)4/29/2002 4:56:37 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 6346
 
LOL!

Doh! It means bond traders are betting on bankruptcy....I pasted in a link for you.

20%.....maybe MC or Visa will give them a secured credit card..

<g>



To: Jorj X Mckie who wrote (2587)4/29/2002 5:05:04 PM
From: GraceZ  Read Replies (2) | Respond to of 6346
 
Yield is inverse to the price. The bonds are selling at such a discount to face that the yield has risen to 20%. It means that only those willing to hold "junk" will take a flyer on them.

Notice the dividend yield on this, the tracking stock for MCI Group:

finance.yahoo.com

Not a lot of confidence they'll make that payment.