Friday, July 13, 2007
It ain’t “Investment Grade”, it’s “Weapons Grade” you bozos.
July 13 (Bloomberg) -- Lehman Brothers Holdings Inc., the biggest underwriter of mortgage bonds, says the worst of the global credit market rout caused by subprime mortgage defaults is over and investors should buy European investment-grade debt. ``Much of the pain has been squeezed out,'' Lehman's London-based credit strategist David Brickman said in an interview. ``There may be some aftershocks, but investors are showing a willingness to take exposure to investment-grade credit.''