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


To: Crimson Ghost who wrote (21743)11/15/2004 11:03:26 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
The carry trade spread on "lower risk" treasuries is down to only 134 bps, so they are forced to take on added exposure and risk by now carry trading junk bonds (and about everything else):
gcm.com

Fed obviously likes to encourage all this excessive risk taking (moral hazard), another permanent today, on top of two months of record debt monetizing:
ny.frb.org

Message 20762866

8 week total bought outright is now $13.251 billion.
financialsense.com