


Try Countrywide bonds, which Deal Journal reports are being priced at between 25 percent and 35 percent. Of course, they don't come due for another 12 months, and goodness knows what will be of the Calabasas-based mortgage lender by then. Bond yields that high are usually for companies on death's door - except that in Countrywide's case, the end may not necessarily be near. A number of analysts say that the company's troubles are overblown, though don't tell that to investors. With an hour or so to go, the stock was down around 16 percent.
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