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With Investors Piling Into Risky Debt, Yields Are Dropping Even Further February 10, 2021 Rates were at bottom-of-the-barrel lows during much of 2020, causing a voracious appetite for yield. This caused fixed income investors to pile into risky debt, and is now dropping yields further. In the current market landscape, Treasury yields are starting to head higher. This, in turn, could cause a flight from riskier debt and back into more safe haven government debt. In the meantime, the average yield on risky debt is starting to head lower. “The average yield on U.S. junk bonds dropped below 4% for the first time ever as investors seeking a haven from ultra-low interest rates keep piling into an asset class historically known for its high yields,” a Bloomberg article noted. “The measure for the Bloomberg Barclays U.S. Corporate High-Yield index dipped to 3.96% on Monday evening, making it six straight sessions of declines.” ....
The tension generated at the peak of the Covid-19 pandemic seems to be reverberating across the nation, following the new upsurge in the pandemic. In Port Harcourt, residents are already under the grip of palpable tension, over the possibility of a return of the lock down scenario and its untold consequences. With the latest report of the Nigeria Centre for Disease Control, there is the rise of fatality in the pandemic especially among prominent Nigerians, who are already hounded by the disease which is now evidently man’s most mortal foe, that seems to defy solutions, posing the greatest threat to humanity. In Port Harcourt metropolis and its environs, residents are already deeply apprehensive, loathing the possibility of the sordid experience of the immediate past, that displaced the people. ....
Mixed reactions have continued to trail the Federal Government announcement of reopening of land borders in the country. While some are excited about the governments decision, others picks holes in the borders in the first instance, arguing that the policy was never of solution any ultimate economic benefit to the country . A Port Harcourt based medical practitioners, and public Affairs analyst, Dr Andy Akpotive, said the closing of the borders, and its eventually opening by the Federal Government served no specific, benefit to the nation, as things still remained the way they were. Akpotive said: “?? No need to be excited about the decision of the Federal Government to open the boarders , first there was no cogent and convincing reason for closing the boarders which still remained porous to external in filtrations, and compounding security challenges despite it closure, the real economic expansion needed for our development must be thorough and beyond reactioning measur ....