Junk Debt Rebounds as Investors Buoyed by Fed Pledge
Demand for junk-rated debt is bouncing back from a selloff triggered by plunging oil prices on optimism that the Federal Reserve will be in no rush to raise interest rates next year.
Risk on investors, deeply relieved to know that the Fed will not be raising short-term interest rates by as much as 0.25% over the next 6 months, opted to celebrate by raising long-term interest rates 0.08% in just one day.
Today's Movement in Treasury Yields
December 18, 2014
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