Back then, spreads widened to 2, 000, and buying junk bonds was a no-brainer.
The pull back in credit availability spreads to more than just danger assets.
It looks like the markets are back to focusing on bond spreads.
This is often intensely itchy and sometimes spreads to the back of your neck or your back (depending on the length of your hair).
Spreads may not go back to the 12% to 14% levels of the 1997-1998 Asian meltdown, but jumps to the 8% to 10% range seem plausible.
If you do your credit work properly and are selective, you can find split-rated bonds that may crawl back to investment grade while their spreads to Treasurys tighten.
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Mr Barbosa will focus his attention on Brazil's consumer-credit markets, which have historically been held back by swingeing interest rates and wide bank spreads but are now expanding rapidly.
It spreads throughout Japan, and has origins that go much further back than last year.
Around back, the phones share a subtle, non-textured patterning that spreads out just below the 2-megapixel camera and serves to add a small amount of flair to what is an otherwise utilitarian build.
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In contrast, while the spreads on non-financial corporate debt have widened, they are only back to the levels reached a year or two ago.
In this symbiotic relationship Schwab gives the referrals and handles the adviser's back-office functions, while pocketing the revenue from commissions, mutual fund fees and interest spreads.
Oil prices have fallen back, consumer confidence has shot up, share prices are well off their mid-March lows and spreads on corporate bonds have narrowed.
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