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%
Meanwhile...
December 18, 2014
Mish: Students Support Deporting US Citizens to Allow Illegal Immigrants to Stay
Source Data:
U.S. Treasury: Daily Yield Curve Rates
The Mish skit would have been funnier if those approving were slapped with ID bands and given bus tickets.
ReplyDeleteHahaha!
ReplyDelete"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?"
Radio tracking
Alternatively, they may surgically implant it as internal radio transmitters have the advantage of remaining intact and functioning longer than traditional attachments, being protected from environmental variables and wear.