Tuesday, July 24, 2007

UPDATE 1-Junk bonds plummet as Allison buyout faces hurdle

(Reuters) - The spread, or extra yield investors demand for the risk of
holding high-yield or junk bonds, widened by about 10 basis
points, market sources said.




"It's dropping like a rock," said Justin Monteith, a market
analyst at high-yield research firm KDP Investment Advisors,
referring to the high-yield bond market.


Read more at Reuters.com Bonds News

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