Don’t worry, this market is still screwed. Here’s the part that’s relevant to me:
In another hopeful sign, the week’s biggest deal, $10 billion of short-term California revenue anticipation notes, or RANs, priced for big institutional investors as expected, but at much fatter rates than paid to individual buyers earlier this week.
These things mature in June and were at 1.5%. They went for 1.75% today. What a difference a day makes.
Fortunately, the rest of you guys are going to bail us out (if not directly, then via the Fed). Thanks, by the way.
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cnjspeaks reblogged this from gilmoure and added:
Ireland and Greece? Heck, throw...you still can’t get close to our level of problems. Our...
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gilmoure reblogged this from crazynutjob and added:
You guys aren’t gonna’ go all Greco-Gaelic on us?
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moorewr said:
Rand Paul says hello. He also said something I didn’t catch about cloture…
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crazynutjob posted this
