Friday, August 7, 2009

The Debts of the Spenders: Improved Corporate Bond Confidence Powers Fixed Income and Equity Rally

Source: CMBX NA AAA index from Markit

Bears have good reason to scratch their ears over the fundamentals but the high quality bond indices indicate growing confidence - or should I say growing confidence in government intervention.




[UPDATE]: But here's a contrasting picture. The volatility in credit markets could be b/c someone keeps taking the wrong side of a trade.

http://www.zerohedge.com/article/
fannie-trading-derivatives-hard-and-losing
blog comments powered by Disqus

Blog Archive