Bonds Beat Retreat as Citi News Cheers Stocks

Story date: 2007-11-27 07:55:00
Added on: 2007-11-27 22:00:22

CNBC - The deal sparked a rare bout of optimism over the ability of banks to cope with the current mortgage market crisis. Citi is effectively paying junk-bond rates for the capital injection, indicating the state of distress in the financial sector. "It is ...


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