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Treasurys Buoy Credit Markets, but Junk Is King.
- Source :
-
Wall Street Journal - Eastern Edition . 10/1/2009, Vol. 254 Issue 78, pC10. 0p. 1 Graph. - Publication Year :
- 2009
-
Abstract
- The article reports on the recovery of the U.S. credit market in the third quarter of 2009 as investors focused on junk bonds. It is said that corporate bonds continue to experience gains from the second quarter while low Treasury yields kept the mortgage and corporate interest rates low. Markets for riskier assets surged between 15% and 50% to date, allowing companies to compensate for losses in 2008. Jeffrey Rosenberg of Bank of America Merrill Lynch said that the bearishness in the market had already melted.
Details
- Language :
- English
- ISSN :
- 00999660
- Volume :
- 254
- Issue :
- 78
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Eastern Edition
- Publication Type :
- News
- Accession number :
- 44745305