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Junk Bond Sales At Record Highs - Risk Taking On The Rise

Sunday, October 10, 2010 - 10:30 AM
From Mish's Global Economic Trend Analysis blog:
With 10-year treasuries yielding a mere 2.39%, and with 5-year treasuries at an all time low yield of 1.1%, investors have plowed into the riskiest of junk bonds with reckless abandon.
The one thing Bernanke has managed to do is stimulate risk taking. However, that risk taking in equities and junk bonds will not do a thing for the real economy nor will it create any new jobs.

Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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