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A mega fixed income deal for GE: GE raised $2Bn of three-year money at a very cheap 86Bp and $3Bn of ten-year cash at a rate of 2.73%. The financing produces a blended cost of 1.98% (1.6% after tax) for an average life of 6 years. That's a hell of a deal [...]
The post Evidence QE3 is Working, and Other Lies appeared first on Bruce Krasting.
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