Junk bonds are losing momentum as the busiest week on record for sales of the debt ...
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aUAgLgdVMQbU
How desperate must you be as a bond fund manager to buy corporate junk instead of government securities ? And now that the FED is planing to buy at the long end the "quality hunt" for bonds will be growing. Amazingly there seems to be a never ending demand for low quality stuff...
http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aUAgLgdVMQbU
How desperate must you be as a bond fund manager to buy corporate junk instead of government securities ? And now that the FED is planing to buy at the long end the "quality hunt" for bonds will be growing. Amazingly there seems to be a never ending demand for low quality stuff...