President of the United States, Mr. George Bush, president of France, Nicolas Sarkozy and president of the European Commision Jose Barroso have decided to join numerous summits in order to discuss the current financial crisis in the whole world. They had a meeting and they promised that they will work hard for better times.

The first summit will be all about “finding ways to prevent these kind of failures in the future”, while the following summits will be held around the subject of “finding the principles to be able to do that.”

We hope this will be successful… Otherwise, we’re in trouble.

Financial bonds in Europe are hitting the lowest mark in the last ten years. The whole benchmark is worth around 540 billion euros, and the bonds are mainly issued by financial institutions such as banks, insurance companies and such. The London’s bond index fell to 84.87 which is the lowest in the last ten years.

United States bonds are facing a downfall after the Treasury Department did $50 billion in debt sales to easy “dislocations” caused by the state of the financial market.
“People are very nervous, so they’re holding onto their collateral.”, said Mr. Konstam, a Credit Suisse representative.

Investors are very careful and fearful these days… They don’t want to make a mistake and don’t invest in anything that shows signs of being risky. In the bonds department, junk-bond yields are becoming very high (going into double digits). Of course, when yields rise, the price of the bonds is going down. Because of this, we are now in a position when we can buy bonds at a discount price of twenty percent or even more.

“Everyone wants quality… That’s why most people are afraid of buying high-yield bonds.” says Cecilia Gondor, a financial expert from Miami.
Some of the high-yield funds are: Highland Credit Strategies Fund, BlackRock High Income Shares, Van Kampen Dynamic Credit Opportunities Fund and many more.

Given the current state of the market, this might be a good thing to look into.