Weekly Trade Round Up
A handful of new credits hit the secondary market today and held solid as investors focused on cheaper credits; the bond market followed indexes and derivatives lower today after Standard & Poor’s decided to change its ratings methodology for mortgage-backed bonds and the term loans for Tribune and Sabre were particularly hard hit today as the entire market continues to trade off.
Focus On Cheap Secondary Subdues Newly Allocated Credits
A handful of new credits hit the secondary market today and held solid as investors focused on cheaper credits. Deals for Lincoln Industrial
and CanWest MediaWorks
both broke today and didnt trade much, a trader said. Why in the world am
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