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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (112108)	5/28/2009 10:44:58 AM
From: KyrosL	Read Replies (1) \| Respond to of 541759

The market is clearly viewing the government's efforts as junk bond friendly, in spite of the deafening cries of "unfair!" among those hoping for a bank-like auto bond bonanza.

To: Dale Baker who wrote (112108)	5/28/2009 10:51:05 AM
From: slacker711	Respond to of 541759

The high-yield bond funds I watch have gone up steadily the last several days despite the Chrysler news. The idea that this will chill corporate bond issuance is a blogger-spin myth. As you know, there are number of factors that impact the day to day performance of the bond funds. Taking a month's worth of performance as the final word on the matter is like those who declared Obama's economic initiatives doomed because the market was tanking in February. Regardless of the long-term impact on the bond market, as a matter of principle, the government shouldnt be treated differently than other lenders (unless that is expressly allowed by the current laws). Slacker