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Bonds

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$640 million in subprime-boom bonds coming to market 

Jul 28, 2014By

“My sense is that this is related to general risk reduction ahead of Wednesday’s FOMC announcement, Friday’s non-farm payroll report, and month end,” David Varano of Interactive Data said. “Additionally, this could also be driven by certain investors looking to test the market after it appeared to easily absorb those two massive bid lists last week in order to gauge current demand levels.”