Market Currents
A big rally in homebuilder stocks is surpassed by the performance of their high-yield debt. The...
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Thursday, September 6, 2012, 10:40 AM ETA big rally in homebuilder stocks is surpassed by the performance of their high-yield debt. The average CDS spread has tumbled 200 basis points in 2 months and now trades below the average CDS spread for high-yield as a whole.
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