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Home » Store » News » New Structures Make NIMs a Good Buy, Wachovia Says

New Structures Make NIMs a Good Buy, Wachovia Says

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Structural innovations have made net interest margin securities a good buy relative to other subordinate bonds, a new report from Wachovia Securities contends. “We believe that current NIM pricing that ranges between 8 percent and 9 percent for BBB bonds is extremely attractive, given the underlying risks in this sector,” said Wachovia analyst Inna Koren in the report. “Investors that cannot go down the credit spectrum
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