Wed, May 26, 2010
NEW YORK, UNITED STATES – U.S. corporate bond spreads widened on Tuesday as riskier assets came under escalating pressure from concerns about European banks and sovereign debt, traders said.
“Right now you are seeing indiscriminate selling of corporate bonds,” said Keith Springer, president of Springer Financial Advisors in Sacramento, California.
“You are seeing spreads increase in a complete walk away from any type of risk out there,” Springer said. “The catalyst is North Korea and the Spanish banks.”
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