Relief That Nasdaq Won't Make A Stupid Buy Gives Bonds Huge Bid |
| May 17, 2011 | May 2011 Bond Updates |
|
Banking names were again coming under the hammer in the corporate bond world as financial paper continued to suffer as government bonds failed to follow-through on a positive start. Spreads continued to widen as buyers took another step back. Morgan Stanley, Goldman Sachs and Bank of America each saw its bond prices take a hit as yields crept higher while British bank Lloyds TSB saw its five-year maturity take a loss of $2.00 as yields jumped. |
| View more at: http://blogs.forbes.com/greatspeculations/2011/05/16/relief-that-nasdaq-wont-make-a-stupid-buy-gives-bonds-huge-bid/ |
| Related News |