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


To: mishedlo who wrote (100799)8/13/2009 3:35:15 PM
From: Crimson Ghost  Respond to of 116555
 
Mish

Could not agree more about the vital importance of credit spreads.

Today could be a pivotal day in this regard.

Junk bonds down sharply despite a strong rally in treasuries.



To: mishedlo who wrote (100799)8/13/2009 4:36:20 PM
From: ecrire  Respond to of 116555
 
Vastly improved confidence in the viability of the issuers has brought the spreads dramatically lower. See no reason for this to change soon. Wasn't long ago that even major corporations had trouble selling short term commercial paper.So we've come a long way back.