Friday, July 13, 2007

Lehman, Barclays, Bank of America Say the Worst Is Over in Credit Markets

(Bloomberg) -- Lehman Brothers Holdings Inc., the
biggest underwriter of mortgage bonds, Bank of America Corp. and
Barclays Capital say the worst of the global credit market rout
is over for now and investors should buy investment-grade debt.

``Much of the pain has been squeezed out,'' Lehman's
London-based credit strategist David Brickman said in an
interview. ``There may be some aftershocks but investors are
showing a willingness to take exposure to investment-grade
credit.''


Read more at Bloomberg Bonds News

No comments: