September 13, 2015
Pimco, Fidelity Stung by Collapse of Petrobras's 100-Year Bond
When Petroleo Brasileiro SA sold 100-year bonds in June, the move was largely seen as a sign the corruption-tainted oil producer had put the worst of its problems behind it.
The sign was crystal clear.
Attention Yield Seeking American Investors: Would Our Corruption-Tainted Company Really Be Selling You 100-Year Bonds If the Worst of Our Problems Weren't Behind Us?
"The Lock-In Effect of Rising Mortgage Rates"
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Today, in the Calculated Risk Real Estate Newsletter: "The Lock-In Effect
of Rising Mortgage Rates"
A brief excerpt:
Here is new working paper from Feder...
12 hours ago
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