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IDS World Markets Mon 29th September 08


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I agree that there's value in many corps out there, but it's a treacherous terrain filled with land mines.

 

If they can't refinance short-term CPs, the word "restructuring" will surface pretty soon.  I'm not sure if there are cross-default clauses, but the noise could get ugly.

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I hear ya.....many of the bonds that I have are taking a beating, but M2M ain't my problem 'cause I'm holding everything I buy to maturity.

 

However access to CP rollover, working lines of credit, etc. is definitely a risk.

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....oh no, guy on CNBS just noted that fixed income corporates is the place to be invested....NOOOOOOOOOOOOO!!!!! The CNBS curse!

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Ted'th thpread ith taking a wider thtance not becauth market rateth are too high, but beacauth Treathury rateth are too low.

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Yeth, yeth, Treathury rateth are too low, but LIBOR rateth continue to go higher ath well.

 

Not that it matterth, cuth there ith no IB market. It'th all theoretical.

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