breaking news - if this is not some kind of huge implosion, it's quite a fakeout

[Spartacus]

http://www.bloomberg.com/apps/news?p...8ns&refer=home

found on Mike Larson's blog

http://interestrateroundup.blogspot.com/

[Jim Nickerson]

Re: breaking news - if this is not some kind of huge implosion, it's quite a fakeout

http://www.bloomberg.com/apps/news?p...8ns&refer=home

Corporate Bond Premiums Soar; Investors Shun Riskiest of Debt

By Shannon D. Harrington and Caroline Salas
July 26,2007 (Bloomberg)

The risk premium on corporate bonds soared the most in five years and debt sales faltered as investors shunned all but the safest of debt.
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Declines in corporate bonds probably will continue, Lutz said.
``It's way too early to call the bottom,'' he said. ``We buy-side folks are very hesitant to take down risk.''

This report seems ominous to me, but there is a lot in it that I do not fully grasp.

[lb]

Re: breaking news - if this is not some kind of huge implosion, it's quite a fakeout

I don't think this is the 'end'. The $/Yen barely touched 118 yesterday, and was even up today.