Investment grade

JPMorgan trounced its rivals in the $ corporate bond liquidity survey for the three months to the end of February 2007, as the severe sell-off precipitated by the fall in the Chinese stock market reminded investors of the importance of liquidity in difficult markets. The US bank won 126 points compared with second-placed Bank of America for all investment-grade corporate bonds, and 97 points to Citigroup's 44 in the 'own deals' section.

The US stock market suffered its worst day since the 9/11

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