Friday, December 12, 2008

Corporate America Not Benefiting From Record Low Rates

From Bloomberg:

"The lowest yields on Treasuries are providing no solace to U.S. companies paying the highest borrowing costs on record. While rates on everything from four-week Treasury bills to 30-year bonds fall to all-time lows, companies are paying an average 10.8 percent on their debt..."

Here is the full story.