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

|By:, SA News Editor

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."