I have the tv on, and someone just made reference to a new issue from Ball Corp. Bond is 10-year, rated below investment grade, and coupon is 2.8% or so... Guy on tv said something like its the lowest yield ever for a ten year below investment grade bond ever. I have no idea if that's true or not. Back to my cappuccino. Even though its inexpensive, I think SF Bay's fog chaser coffee beats anything that SBUX or dunkin puts on the market.
I saw that on a tweet by a FA I know (I'm not much of a twitter person). It was 2.875%. He said he once thought it was crazy to see them at 5% and now at this rate, it isn't close to being worth the risk (or I think that is what he was implying).Of course with the current government doing everything possible to prop up the markets, regardless of long term costs, who knows how this will end up.Rich
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