Pfizer just sold $4 billion of bonds rated AA for less than their dividend yield

NEW YORK--(BUSINESS WIRE)-- Pfizer Inc. (PFE) today announced the pricing of a debt offering consisting of five tranches of notes: $750,000,000 aggregate principal amount of 0.900% notes due 2017…


Haunted By The Last Housing Bubble, Fitch Warns "Gains Are Outpacing Fundamentals" | Zero Hedge

Haunted By The Last Housing Bubble, Fitch Warns "Gains Are Outpacing Fundamentals" The last week has seen quite dramatic drops in the prices of a little-discussed but oh-so-critical asset-class in…


Is this the beginning of the end?

The 30 yr. U.S Treasury bond, which I am short, just broke key technical support today/tonight.  As you can see from this weekly chart of the T-Bond futures, we are now breaking levels that have held…