Wednesday, January 14, 2009
Treasuries Fall as Higher-Yield Corporate Debt Draws Investors
Treasuries Fall as Higher-Yield Corporate Debt Draws Investors: "Treasuries declined as bank lending eased and at least .9 billion in debt being issued by U.S. corporations drew investors.
“There is a little bit of a crowding out of Treasuries and into corporate bond issuance,” said Tony Crescenzi, chief bond strategist at Miller Tabak & Co. in New York. “The tone in general for the credit markets has been a lot better.”"
“There is a little bit of a crowding out of Treasuries and into corporate bond issuance,” said Tony Crescenzi, chief bond strategist at Miller Tabak & Co. in New York. “The tone in general for the credit markets has been a lot better.”"
