Goldman Sachs Group Inc.’s offering of 30-year bonds, its first in more than three years, signals waning concern among investors that inflation is accelerating.
The fifth-biggest U.S. bank by assets received $9 billion in orders for its $2.5 billion of debentures sold on Jan. 21, according to Mizuho Securities USA. The 6.25 percent senior bonds yield 170 basis points more than similar-maturity Treasuries, at the low end of a 5-basis-point range marketed by the New York-based firm, data compiled by Bloomberg show.
“People aren’t too worried about inflation,” said Anthony Valeri, market strategist with LPL Financial Corp. in San Diego, which oversees $293 billion. “Goldman was noticing there’s some demand here and they could get that deal done.”
- One way or the other Feds are trying to keep the markets up by advising "biggos" to use different strategies to keep the dollar's value. I bet Hu Jintao's visit has something to do with it. America can't loose the number one spot in being the largest economy and strongest currency. Yen, or aka Renmimbi or something like that, would beat the crap out of the US dollar in no time since Feds don't stop printing the shit out of this currency. In my humble opinion, US dollar will weaken further and we will see some vivid points of irrefutable inflation in US.
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