xom-only

Bonds: Spreads and Yields Continue to Decline

are you in hyg and emd for interest or capital appreciation and if capital appreciation where do you expect interest rates to decline to or how much more narrowing of the high yield do you expect.

as a side pt. who is betting that interest rates will be higher before they go lower ( which will be required to refinance the world ) as the tyx did yesterday and still holding on this morn.? this is a genuine query. i am not in tyx just xom