Credit-market rally continues ahead of stress-test results

05/7/2009 | Wall Street Journal, The

Investors continued to spur the rally in credit markets ahead of the disclosure of the government's stress tests of the nation's largest banks. In the market of high-yield bonds, issuers are lining up to capitalize on the rally. Meanwhile, the market of investment-grade corporate bonds saw a total of about $5 billion in new bonds, most of which did not carry a guarantee from the Federal Deposit Insurance Corp.

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Wall Street Journal, The

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