US Treasury Curve Flattens To New Post Great Recession Low As 60% Corporate Issuers Are Rated As “Speculative”

On the one hard, we see that the US economy is hot-hot-hot. On the other hand, we see warning signs like … the US Treasury curve has flattened to a post Great Recession low.

102rec

Throwing gas on the smoldering fire is this Moody’s report that approximately 60% of the number of rated issuers are graded speculative (rather than investment grade).

In fact, since The Great Recession medium grade bonds (Baa3-A3) bonds have jumped to 56% share of corporate bonds outstanding.

medgrademoodys.png

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s