Go to the Amazon.com link below for TIMING THE MARKET by Deborah Weir (Wiley, 2005).
Email: DebWeir@WealthStrategies.bz
Take her class at the NY Institute of Finance: nyif.com/courses/fimk_1014.html.
Wednesday, January 20, 2010
Investors are demanding more yield from low quality bonds relative to a ten-year treasury. This expression of fear is a poor sign for the equity market.
1 comment:
Anonymous
said...
Is there a good symbol to use for junk bond yields, or do you derive this from high yield fund pricing?
I'm not seeing any expansion of the spread based on the daily BAA data from the fed minus the 10 year, but I do see it in junk bonds since around Jan 10. I guess junk would tend to react earlier than the BAA.
I had missed that the junk and baa spread are import in reading your book the first time, just re-read chapter 6 and looked at the data in the appendix, now I have one more thing to look at. Thanks.
1 comment:
Is there a good symbol to use for junk bond yields, or do you derive this from high yield fund pricing?
I'm not seeing any expansion of the spread based on the daily BAA data from the fed minus the 10 year, but I do see it in junk bonds since around Jan 10. I guess junk would tend to react earlier than the BAA.
I had missed that the junk and baa spread are import in reading your book the first time, just re-read chapter 6 and looked at the data in the appendix, now I have one more thing to look at. Thanks.
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