Replies to post #146017 on Biotech Values

[zipjet]

Bond bubble continues—1.875% (record low) for 10-year corporate from IBM:

10 yr T is 1.40%

Which do you think has the greater default risk?



Spain and UK each carry a 7 handle on their 2 yr notes, 7% and 7 bps respectively.

:-)

ij

[NP1986]

Bristol-Myers Snatches Five-, 30-Year Coupon Records

Bristol-Myers Squibb Co. (BMY) attained the lowest-borrowing costs on record for five- and 30-year bonds Thursday as part of a $2 billion bond sale.

The global biopharmaceutical company, rated in the single-A range, sold $500 million of 30-year bonds with a 3.25% coupon--the lowest ever, according to Dealogic records going back to 1995. The prior record was 3.60%, set earlier this month by Monsanto Co. (MON).

Bristol-Myers sold $750 million of five-year bonds bearing a coupon of 0.875%, another record low. The prior record was 1%, set by 3M Co. (MMM) last month.

http://online.wsj.com/article/BT-CO-20120726-723467.html