GS launching $20BB Debt fund

[silk]

This might serve to bounce credit markets monday?

http://www.reuters.com/article/marketsNews/idUKN2738994020070728?rpc=44

Hard for shorts to press positions when GS coming in to buy. $20 BB probably not much, but symbolic and today's WSJ article says many scooping up these prices.

 

[ASusilovic]

I think it must have something to do with this news couple of weeks ago :

"Looming Crash Prompts Jump in Distressed Debt Hiring" =>

http://www.elitetrader.com/vb/showthread.php?s=&threadid=95599