Now is the time to buy bonds because downgrades have created value in the marketplace, according to ...
Now is the time to buy bonds because downgrades have created value in the marketplace, according to New Star's head of fixed interest. Zemek said: "Until the General Motors and Ford downgrades in early May, the bond market had been trading as a whole; if one thing went up, everything else followed suit and vice versa. The downgrading of two of the biggest borrowers in international capital markets from investment grade to junk status has created real anomalies in the market from which stock pickers can benefit. "This is the first time in a while that there have been clear patches of go...
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