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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (5867)1/22/2004 6:04:02 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 110194
 
Junk funds up again today as I expected. Spreads widened slightly -- but this was more than offset by the sharp drop in treasury yields. Good time to own a hunk of junk.



To: mishedlo who wrote (5867)1/22/2004 6:16:08 PM
From: yard_man  Respond to of 110194
 
I think that is probably just what it says on the face of it -- with cheap hydropower the plant itself is the problem ... interest rates have nothing to do with that.

Now for other smelters -- rise in price of Al doesn't offset increased cost of electrical energy (big part of production costs) -- if you see nat gas with sustained prices above 5 in the next couple of years, you are gonna see more N.A. Al smelters shut down.