Financial Nirvana

December 18th, 2013 3:24 pm | by John Jansen |

Credit Spreads are on fire or as our Spanish friends would say “en fuego”. Bank and finance paper is better by 3 basis points to 5 basis points but in the 7 year and 8 year part of the curve paper is as much as 8 basis points tighter. TMT (telecom media and technology) is 3 basis points to 4 basis points better. Stocks are rallying huge and the funds rate will be at zero for the rest of out lives and maybe even our supernatural lives. So what is there to worry about as this is financial nirvana.

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