The bond market hasn’t been this calm since the dot-com bust and the
financial crisis. History warns of a rude awakening.
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Junk-bond spreads are near the lows reached before the financial crisis of
2007-09. Here’s how to hedge before the market wakes up.
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PRICES KEEP SURGING AND SOARING. This week, however, London Brent oil rocketed above �62.9 ($102) per barrel, hitting the highest level since late 2008 as traders fretted the impact of Egypt unrest on global energy supplies.
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