Monday, November 07, 2011

Corporations rushing to issue bonds

This article discusses the rush to issue bonds by corporations to take advantage of very low rates.  UNH, which recently issued 10-year bonds at 3.4%, has a PE yield of 10% - seems like an insane spread to me...

http://www.cnbc.com/id/45194318?__source=yahoo|headline|quote|text|&par=yahoo

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