Holders of the longest-maturity corporate bonds are getting throttled by QE2: Thirty-year debt...


Holders of the longest-maturity corporate bonds are getting throttled by QE2: Thirty-year debt from Northrop Grumman (NOC) has slipped 4.2% in the 10 days since the Fed's announcement, while the same-maturity bonds from Wal-Mart (WMT) have fallen 3.6%. Central bank asset purchases are hurting long-dated debt, "particularly high-quality names that have issued at very tight spreads."

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  • nightfly
    , contributor
    Comments (1015) | Send Message
     
    QE brings pain for everyone, most especially those who aren't even in bonds or stocks - those just trying to live or retire day-to-day.

     

    Fed = biggest threat to America.
    12 Nov 2010, 01:13 PM Reply Like
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