Tuesday, September 20, 2011

CREDIT UPDATE – CONTROLLED DEMOLITION

"Demolition is the tearing-down of buildings and other structures, the opposite of construction. Demolition contrasts with deconstruction, which involves taking a building apart while carefully preserving valuable elements for re-use.”

The respite was short lived in the credit space and the tone, was once again about widening spreads.
Itraxx 5 year crossover index (High Yield, wider by 41 bps to 756 bps:..."