Us Moves To Decide Corporate Bond Yield Swings

Yield movements in the corporate bond market this week will be dictated by what the UN weapons inspectors say in their report on Iraq - whether the country possesses weapons of mass destruction or not - and the consequent US action. In case the US, which has massed its forces along Iraq, decides to strike then the non-statutory liquidity ratio (non-SLR) market will see mayhem.

An indicator of what is in store came through from Saturday