Re: Bond Trading
Also, a factor in my countrywide trade that I didn't mention is the lack of buyers in the market thus making supply/demand another big factor. I can take advantage of people's risk aversion levels by offering a lower price that they should sell it for because they want to get it off their books.
A lot of their bonds, though rated as BBB+ and the like, are trading at yields higher than a lot of junk bonds (in exces of 12%).
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