(Reuters) - Average junk bonds yield spreads ended on Tuesday at 312
basis points more than Treasuries, the widest since Dec. 5,
2006, when they were 314 basis points, according to Merrill
Lynch. Spreads had hit a record low of 241 basis points in
early June.
Junk bonds sold off on Tuesday after Standard & Poor's said
it was reviewing $12 billion worth of residential mortgage
securities for possible downgrades. Moody's Investors Service
later that day cut ratings on nearly 400 subprime-related bonds
as home loan delinquencies exceeded forecasts.
Read more at Reuters.com Bonds News
basis points more than Treasuries, the widest since Dec. 5,
2006, when they were 314 basis points, according to Merrill
Lynch. Spreads had hit a record low of 241 basis points in
early June.
Junk bonds sold off on Tuesday after Standard & Poor's said
it was reviewing $12 billion worth of residential mortgage
securities for possible downgrades. Moody's Investors Service
later that day cut ratings on nearly 400 subprime-related bonds
as home loan delinquencies exceeded forecasts.
Read more at Reuters.com Bonds News
No comments:
Post a Comment