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Sequoia Capital Market Presentation Deck slide image

Sequoia Capital Market Presentation Deck

VERY TIGHT CREDIT High yield spreads (basis points) 1,250. 1,000. 750 500- 250 0 1998 2000 2002 2004 2006 2008 Source: Merrill Lynch Investment grade spreads (basis points) 500 400- 300- 200- 100- 0 1998 2000 2002 2004 2006 2008
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