http://www.cnbc.com/id/48149920
Of course, she was right! The municipal debt market is large, about $3.7 trillion. Depression it is and it is not just because of the signals coming from three days (now, four days) long data of negative nominal European interest rates. From todays FT: "The six countries with negative yields for government bonds maturing in two years or less are Germany, Finland, Denmark, Switzerland, the Netherlands and, most recently, Austria." And still counting. Depression it is! Best, Sabri _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
