15.06.2012 - U.S. housing rebound evident in bond yield gap
Investors are accepting the lowest yields since the real estate boom peaked in 2005 on the debt of U.S. homebuilders relative to the rest of the junk-bond market as evidence mounts that housing is on the rebound. Homebuilder yields have fallen 1.1 percentage points below the average for U.S. speculative-grade notes, the biggest gap since September 2005, after the housing bust pushed them above the average...............................................Full Article: Source
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