BLOOMBERG Bloomberg Real Yield August 20, 2017
That is the elephant in the room for us, what are they going to be tomorrow . It is concerning, but from a credit perspective you have an opaque business model. You dont have a lot of disclosure to the markets and that makes it tough for us. This is a dynamic you see across the market, still after we are well into a fed hiking cycle, the borrowing costs are still near the lowest they have ever been. It remains a good time for corporations to borrow money. There is an ongoing demand for yield. You think about it, the fed has gone through a process of slowing downward shoot adjustment. Its happe...