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Why High-Yield Bonds Could Be Mispriced

TedTed
in The Bullpen
FYI: There’s something funny in the high-yield bond market, and even Martin Fridson isn’t quite sure what it means—though he does believe the junk-bond market has enjoyed a false tranquility for the past 30 years.
Regards,
Ted
http://www.cetusnews.com/business/Why-High-Yield-Bonds-Could-Be-Mispriced.rklJLnovuf.html
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