Wednesday, May 27, 2009

Late Day Reading 05/27/09

Karl Denninger, with some gloomy predictions. Something's amiss when the 30year mortgage rate jumps nearly a THIRD in one day, to 6.5%.



Also from Karl, the BLO (Brazen Looting Operation)
-------------------------------------------------------------------------------------------------
And the WSJ weighs in on the yield curve hitting its highest level EVER

-------------------------------------------------------------------------------------------------
NYPost discusses the upcoming $1.4trillion in commercial real estate debt that must be refinanced.

-------------------------------------------------------------------------------------------------

AlphaNinja - IBD gathers some experts' thoughts on opportunities in the corporate bond market. While yields are not what they were in December, there are many opportunities to own 10% yields while sitting higher up the capital structure than one would with equities.

That said, bear in mind a big caveat - "there is always some danger in attractive yields. Bond prices move inversely to interest rates. So investors who do not intend to hold bonds to maturity would be hurt by a general rise in interest rates.

"That's one of the risks," allowed Pimco's Kiesel."


No comments:

Post a Comment