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Moody’s Daily Long-term Corporate Bond Yield Averages for 19-AUG-08 | ||||
| Utilities | 6.44 | ||||
| Industrial | 6.32 | ||||
| Corporate | 6.38 | ||||
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| Equities are more sanguine about the business outlook than is the corporate credit market ... A plunge in oil prices to under $100 per barrel by the end of September would justify the recent drop in stock price volatility ... Treasury yields now anticipate lower commodity prices. | ||
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