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Market Facts — May 12, 2003

The Relationship Between Corporate Bonds And Stocks In this environment corporate bonds should be viewed independently of the stock market. Their fortunes neither lead nor lag the stock market. Only when a stable relationship between the stock market and the corporate bond market is again established can we consider these markets “related.”

Open The Relationship Between Corporate Bonds And Stocks
In this environment corporate bonds should be viewed independently of the stock market. Their fortunes neither lead nor lag the stock market. Only when a stable relationship between the stock market and the corporate bond market is again established can we consider these markets “related.”