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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (29430)5/5/2005 3:24:43 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
Spreads may widen, but mortgage rates could still drop. Anybody know what mortgages are doing today?



To: patron_anejo_por_favor who wrote (29430)5/5/2005 6:04:43 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 116555
 
Actually junk spreads held about flat today. The Fidelity junk fund (SPHIX) rallied slightly.

The junk market had obviously discounted today's F and GM news in advance