The commercial paper market is starting to show signs of recovery. Its curves are less inverted and spreads are less worrisome. Asset-backed CP issuance is finally increasing. These yield curves may become normal before long, and conservative investors may want to move some cash into equities.
4 comments:
Like most investors, I follow many investment sites, but very few blogs due to a lack of objective analysis. Since reading 'Timing the Market' and your analysis on this blog for over a year, I can easily say that your insights have been a prescient and accurate barometer of market turning points.
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Dear Kumbu,
Thank you for your compliment...I hope this blog helps you make money with greater confidence in your decisions!
All my best,
Deborah
After today, are the commercial paper curves still less inverted? The Feds graphs are difficult to read.
Dear Kumbu,
Commercial paper graphs are still inverted. Please go to their site for a presentation that is easy to read: http://www.federalreserve.gov/releases/cp/
All my best,
Deborah
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