Wednesday, October 27, 2010

Smart Money Anticipating Higher Interest Rates?

Yesterday, Goldman Sachs (GS) issued a 50-year corporate bond with a coupon yield of 6.125%. Due to the strong investor demand the issued amount was increased from the originally anticipated $250 million. I would say Goldman is expecting higher interest rates in the not too distant future.

From The Blog of HORAN Capital Advisors
Source: Reuters

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