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


To: Perspective who wrote (70200)9/24/2006 9:05:10 AM
From: orkrious  Respond to of 110194
 
So what is the difference between "junk" spreads and "speculative" spreads? I would have expected them to be nearly synonymous.

It appears that S&P includes a blend of everything not BBB- or better and a blend of durations.

The Bloomberg 10 yr junk index is just 10 year and just "junk."

Looking at the two charts I posted the conclusion is that Bloomberg's is riskier and longer duration.

[edit] here's the link to the S&P page where there's a pdf link to their description

www2.standardandpoors.com