Heavy Lifting - thoughts and web finds by an economist
     I also contribute to Division of Labour Load HL's Front Page
Monday, March 22, 2010

Let the market decide

Opening bell is just a few minutes away and only one BIG thing happened over the weekend. My informal event study (eyeballing the market close today) will send a signal of some sort as to whether the health-care plan that passed last night is perceived to be a net gain to the private sector.

Plenty of dissertations are going to be written over the next few years focusing on March 22, 2010 and the response of various portions of the market to the passage of the Patient Protection and Affordable Care Act of 2010.

From this Bloomberg story this morning:

wo-year notes sold by the billionaire’s Berkshire Hathaway Inc. in February yield 3.5 basis points less than Treasuries of similar maturity, according to data compiled by Bloomberg. Procter & Gamble Co., Johnson & Johnson and Lowe’s Cos. debt also traded at lower yields in recent weeks, a situation former Lehman Brothers Holdings Inc. chief fixed-income strategist Jack Malvey calls an "exceedingly rare" event in the history of the bond market.
Cracks are beginning to show?

Labels: , ,

Comments: Post a Comment


Le Chai - galerie du vin



Posts that contain Craig Depken per day for the last 90 days.


Heavy Lifting's Main Page
Email Me
Atom Feed

Heavy Lifting

Great Links

Money I Found Today

Heavy Lifting - Firehose style (56k warning)

Recent Posts

- Let the market decide



Site Meter Blogroll Me!


Modified maystar design
powered by blogger