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"It's a great time to be issuing high-yield debt but not to be investing in it," says a P-E...

"It's a great time to be issuing high-yield debt but not to be investing in it," says a P-E honcho, as European bank debt is the latest to benefit from investor's quest for any sort of yield. Of note, recently bailed-out Bank of Ireland found strong demand this week for $1.3B of bonds. "The markets have seen this movie before," writes Jason Zweig. Previous: The worm may have turned for high-yield.
Comments (5)
  • bull_market_somewhere
    , contributor
    Comments (115) | Send Message
     
    bernanke you dog, you.
    16 Nov 2012, 09:03 AM Reply Like
  • Okatie Jack
    , contributor
    Comments (92) | Send Message
     
    Please explain why the issuance of more HY bonds affects present issues of HY bonds
    16 Nov 2012, 11:06 AM Reply Like
  • MexCom
    , contributor
    Comments (3054) | Send Message
     
    PHT DHF & DHY rebounding nicely today. They were yielding over 10%.
    16 Nov 2012, 12:46 PM Reply Like
  • ekimnaj
    , contributor
    Comments (6) | Send Message
     
    Meanwhile, some force(s) unknown to physics or to economics keep pushing gold down. There is a lot of potential energy being stored up as prices and rates are being artificially pushed in a direction contrary to the reality of the situation.
    Eventually there is going to be a fireball of a reaction.

     

    One might guess that the dollar will dive, rates will rise and gold will suddenly defy gravity.

     

    If I'm wrong, I'm going to lose some money.

     

    E
    16 Nov 2012, 02:33 PM Reply Like
  • untrusting investor
    , contributor
    Comments (9966) | Send Message
     
    And why would the dollar dive ?? Other major currency issuers will probably devalue even more than the US.
    18 Nov 2012, 05:54 PM Reply Like
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