Corporate bonds are still under pressure and are not able to find strong buying interest. It looks like investors expect worse conditions and want to have bigger yield on corporate bonds.

It correspondents with analysis I read that lending is tightening in a lot of banks. It will be hard time for every company based on huge debt issuance.

So corporate bond ETF offers nice short opportunity in 101 area with target in new low.

This entry was posted on Saturday, August 23rd, 2008 at 11:41 am and is filed under ETF analysis, ETF trade setup. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.