On Bloomberg

18 November 2016

Will corporate Bond defaults risk the U.S. economy?

18 11 2016 Pau (2)

By Pau Morilla-Giner

Our Chief Investment Officer Pau Morilla-Giner discusses Thursday’s $11 billion sale of 10-year Treasury Inflation-Protected Securities, as it drew a yield of 0.369 percent, with a bid-to-cover ratio of 2.39, compared with an average of 2.35 at the previous 10 auctions. Indirect bidders bought 72.5 %, compared with 67% on average over the past 10 sales, while Direct bidders purchased 9.3%, the highest since January and compared with an average of 4.6 % at the last 10 auctions.