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The junk bond sector gets downgraded by Morgan Stanly, with its analysts saying the "risk/reward...

The junk bond sector gets downgraded by Morgan Stanly, with its analysts saying the "risk/reward ... is less attractive today than at any other point this year." Spreads to Treasurys could tighten further, they say, but this would probably happen in a rising rate environment, which would wipe out any benefits.
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  • whiff
    , contributor
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    Lindbergh landed ...
    26 Sep 2012, 07:44 AM Reply Like
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