|
|
FRIDAY DECEMBER 28
The Fire Sale To End All Fire Sales? With backlogged debt still weighing heavily on many a balance sheet (no doubt creating massive opportunity costs) some of Wall Street’s top banks are quietly pedaling high-yield bonds and loans at discounts of as much as 10 cents on the dollar. While no one at these institutions seems to be commenting on the under-the-radar push to unload an additional $231 billion of debt, there are already some murmurs afoot as to how much the market can take – and whether traders will be in any kind of a mood to buy. December 2007New User?Sign up to get free access to TraderDaily.com
|
|