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This Is An Outrage, Junk-Bond Market Says. Everyone Buys Anyway

TedTed
in The Bullpen
FYI: Bond buyers have a rule of thumb that says be wary when the coupon on a new debt sale slips below the issuer’s leverage. It’s an indicator that investors aren’t being paid enough for the risk they’re taking on.
Regards,
Ted
http://www.fa-mag.com/news/this-is-an-outrage--junk-bond-market-says--everyone-buys-anyway-33948.html?print
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