Re: BLS Daily Report

[boddhisatva]

                Pen-L geniuses,




        Let's say, hypothetically, that you believed that American
interest rates were too high.  Could such factors as the securitization of
low-grade debt make pressure for higher returns "filter" up the
credit-ratings ladder? Could all that BB+ debt on the market pressure AA
debt to return more?  I'm not suggeting it is, but could it?




        peace