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Wednesday, February 04, 2009

Junk Bond Default Rate Increases By 100 BPS In One Month

According to S&P:
December 08: 3.96
January 09: 4.96
Predicted December 09: ~14%.

There's a reason they call them junk!!!


// posted by MaxedOutMama @ 2/04/2009 04:37:00 PM
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