Seeking Alpha

Sales of 30-year corporate debt hit $86.3B YTD this week, already surpassing the $84.7B sold in...

Sales 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%.
From other sites
Comments (1)
  • User 509088
    , contributor
    Comments (1235) | Send Message
     
    so, since the corporates are already financed with other corporates stock, any unwinding causes their debt to go south, causing pension plans to go under.

     

    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!
    16 Aug 2012, 08:36 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs