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Wednesday
Mar262008

Credit Spreads Declining...Grudgingly

DateWednesday, March 26, 2008 at 11:35AM

The Fed's actions on March 16th to keep Bear Stearns (BSC) from going under were meant to ease the situation in the credit markets.  However, while spreads between high yield debt and Treasuries have declined 7.5%, they remain at levels they were at just two weeks ago.  After a run-up of over 250%, you need to squint pretty hard to even see the move.

High_yield_spreads_032608

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