Two NQ trades so far, not too much range, maybe it's time to take a few days off and come back energized after the holiday weekend.
Italy is defying the EU over public spending. But this time, the markets won’t come to Brussels’ aid. That’s going to be a big problem for the EU.
Is this the beginning of the end for bond markets?
“The slide and collapse in investment grade credit has begun”.
That was a pretty unequivocal tweet from Scott Minerd of Guggenheim Partners last week.
Minerd was referring to the slide in the value of General Electric’s bonds. The conglomerate has a whopping $115bn in debt, and has lined up asset sales worth as much as $40bn to pay it off.
It remains to be seen if GE can pull it off. But as Minerd notes, GE is far from the only troubled company out there.
https://moneyweek.co...or-bond-markets
Edited by dTraderB, 19 November 2018 - 07:56 AM.