The Merrill Lynch High Yield Master II Bond Index ended the third quarter down 1.69%, the fourth worst quarterly performance since September 1986.

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That said, the Bank of American Merrill Lynch High-Grade Bond Master Index is up 3.75% through April 30 as a result of spread compression across the credit markets from the more lofty levels of the fourth quarter.

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Bond is not only a master spy and seducer, he is also a style icon.

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