Spreads go up, spreads go down but credit analysts always revert to their spreadsheets. Gary Jenkins delves into the data to predict good times for corporate bond investors in 2010.
It is often said that the markets are driven by fear or greed, which may well be true but they are also sometimes driven by rumour and speculation. There have been a couple of examples of this recently.
First, there was Greece. Significant movements in Greek government bonds