Monday, Mar 09, 2009
"The pain will shift to holders of bonds"
FT: Fresh pessimism sweeps over credit sector
Credit market indicators – barometers of stress since the financial crisis began 18 months ago – are once more flashing red.
Heightened concern over the fate of US carmakers and worries about escalating losses at banks and financial institutions and at General Electric, the largest debt issuer in capital markets, are creating a grim mood.
“There has been a strong repricing of credit risk as there is a panic almost about the financial sector,” Brian Yelvington, strategist at Creditsights, says.
Posted by devo @ 09:21 PM (330 views) Add Comment
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