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


To: Ramsey Su who wrote (37463)8/1/2005 9:02:15 AM
From: russwinter  Read Replies (2) | Respond to of 110194
 
The Fitch article well describes who is driving the narrow credit spreads in junk. I thought the part about subprime MBS was revealing. They are using leverage to do it, including reentering carrytrade borrowing in low interest Yen, and Euro primarily. This will blow up on them, and we will get an event.