They're Back! - "Bulletproof" Structured Finance Deals Trigger GFC Replay Fears

Authored by James Combie via Bloomberg,

Credit investors short of things to buy are increasingly mining structured debt for yield. Deteriorating collateral and subprime stress are reasons to be fearful as cash piles in.

Even after a recent selloff, value is hard to find in plain vanilla corporate bonds, which are undersupplied and overbid.