Citibanks give out 8 percent while prefered from the local banks only 5 percent.
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`A lot of financial bonds have really traded down,'' said Jones, adding that yields on bonds issued by companies such as Citigroup, at 8 percent, ``are pretty dramatic. Citigroup has its troubles, but I don't think its going away anytime soon.''
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`A lot of financial bonds have really traded down,'' said Jones, adding that yields on bonds issued by companies such as Citigroup, at 8 percent, ``are pretty dramatic. Citigroup has its troubles, but I don't think its going away anytime soon.''
