Posted on 06/14/2010 5:24:37 PM PDT by TigerLikesRooster
June 14, 2010, 3:44 p.m. EDT
Credit spreads jump as investors seek safety
May's market turmoil blows out spreads of high-yield and investment-grade debt
By April H. Lee, MarketWatch
NEW YORK (MarketWatch) -- Spreads between high-yield and investment-grade debt hit six-month highs last week as money fled to the safe haven of Treasury bonds -- just as it seemed investors were growing comfortable with riskier debt.
Ianthe Jeanne Dugan suggests there are warning signs in the $2.8 trillion municipal-bond market, as numerous municipalities continue to struggle financially, but investors are not paying heed.
(Excerpt) Read more at marketwatch.com ...
P!
I got an email from my broker touting muni bonds, just the other day.
Must be having trouble passing them off, if they are targeting investor such as me.
So the clock is ticking. Either another massive rescue operation by US gov to hold off the catastrophe or bear rally ending in a free fall.
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