Thursday, December 18, 2014

The Sarcasm Report v.202

December 18, 2014
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

5-Year: +0.07%
10-Year: +0.08%
20-Year: +0.08%
30-Year: +0.08%


December 18, 2014
Mish: Students Support Deporting US Citizens to Allow Illegal Immigrants to Stay

Source Data:
U.S. Treasury: Daily Yield Curve Rates


Rob Dawg said...

The Mish skit would have been funnier if those approving were slapped with ID bands and given bus tickets.

Stagflationary Mark said...


"Here is a bus ticket for participating in this petition. We really appreciate it. You seem like a person who thinks long-term. Would you be willing to forego an ID band in favor of a more permanent solution?"

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