S&P's US Downgrade To Hit Yankee Bond Market Activity

The US's debt problems appear to have claimed another victim. With interest rates in the North America nation near historic lows, we predicted back in March that the dollar covered bond market - otherwise known as the 'yankee' bond market - would continue its rally over the coming months (see, 'Window Remains Open For 'Yankee Bond' Issuance', CFW , April 25 2011).

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