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BLOOMBERG Bloomberg Real Yield August 18, 2017

Europe monster debt issuance and amazon joins in. That is really the elephant in the room for us. Where are they going to be tomorrow . Its a little bit of a leap of faith here. Its a little concerning. From a credit perspective, you have kind of an opaque Business Model here. You dont have a lot of disclosure to the markets. That make it tough for us. Youhis is a dynamic really see across the market. Even after we are into the fed hiking cycle, the borrowing cost for the u. S. Corporate and european corporate are near the lowest that they have ever been. This remains a very good time from a cost perspective for corporate to borrow money. This still is demand for yield. The fed is going through this process of slow Balance Sheet adjustment and policy normalization. Theyre still image store a demand. An extraordinary demand. Their issuing long bonds a very tight spreads. The ve ....

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