Analysis: Liquidity surge could lead to credit-market issues

11/9/2010 | Wall Street Journal, The

Credit-market investors appear to have short memories as certain bond and loan structures make a comeback. Subordinated corporate bonds that mix debt with equity, century bonds and high-yield bonds with loosened covenants are all back in style. The Federal Reserve's quantitative easing program has unleashed liquidity, which could result in a misallocation of capital in the credit markets, according to this Wall Street Journal analysis.

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Wall Street Journal, The

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