Stop dithering and take the money now

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Stop dithering and take the money now

Despite all the pain financial institutions have undergone in the past six months, some of them still believe they can delay coming to the bond market and expect to get better spreads later. This is folly. Spreads have done nothing but widen since last July, and there is every reason why they should slip further. Financial institutions should issue sooner, rather than later.

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