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Tuesday, November 4 2008 9:42 AM Email this story

In a gutsy call, CreditSights says corporate bond yields have peaked: "Predicting that the credit markets have reached a nadir from which they will now begin to recover may seem like foolhardy optimism at this point in the game," firm says, "but it's a view that arises more from the belief that they could hardly get any worse."

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This news story has 2 comments:

Nov 04 09:56 AM
it's interesting: the rebound in junk bonds is much weaker than the recent rebound in stocks. Here's the chart for JNK, the junk bond ETF:
seekingalpha.com/symbo...

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Nov 04 10:02 AM
JD Steinhilber called a bottom based on valuation about a week ago. Really worth reading:
Cheapest Valuations in Decades Will Trump Panic Selling
seekingalpha.com/artic...
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