(Reuters) - NEW YORK, July 20 - U.S. junk bonds sold off
sharply on Friday, with some benchmark bonds collapsing to
their lows for the year, as worries about the subprime mortgage
crisis mounted, causing a broad repricing of risk.
"The market is in a really panicky state," said one trader.
"It's essentially been 40 straight days of lower levels and a
worsening environment."
Read more at Reuters.com Bonds News
sharply on Friday, with some benchmark bonds collapsing to
their lows for the year, as worries about the subprime mortgage
crisis mounted, causing a broad repricing of risk.
"The market is in a really panicky state," said one trader.
"It's essentially been 40 straight days of lower levels and a
worsening environment."
Read more at Reuters.com Bonds News
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