Corporate Bond Spreads Nearly at All-Time Highs 2 comments
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As a sign that the issues in the US credit markets still have a ways to go before being resolved, yesterday, the spread between US corporate bonds and comparable Treasuries reached its highest levels since October 2002 (240 bps).
While spreads still have a ways to go before matching their all-time highs in the Fall of 2002, at the rate they have been increasing since last Summer, it may not take long...
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