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Sales of 30-year corporate debt hit $86.3B YTD this week, already surpassing the $84.7B sold in...
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Thursday, August 16, 2012, 8:27 AM ETSales of 30-year corporate debt hit $86.3B YTD this week, already surpassing the $84.7B sold in all of 2011. Rubbing their eyes in disbelief over the low yields available, businesses are rushing issues to market, and pension plans - desperate for yield and shunning the Treasury market - are eager buyers. LQD +4.3% YTD while yielding 4%.
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it's only been 40 years we've been trying to get at these pools more effectively. our health care guys have basically ripped out medicare. yet when we approach pensions, we get hurt as well as the joe toolbox. one fellow at my club, his wife HAD TO TAKE A JOB (apologies for the foul language). she had to do actual physical labour!
one hopes romney and ryan can pry these funds out of the hands of the people who think they're owed them, just because they contributed to them their entire working lives.
america needs those funds to give to the job creators! arff arff!