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Last week in bonds



July 30, 2012 – Comments (0)

Last week's bond market had a few interesting tidbits.  New record low coupons for five, ten and thirty-year corporates from Bristol-Myers Squibb and IBM.  The five-year record didn't stand for long, Unilever lowered that limbo bar today.

Also found a company worth a look, although at first glance it's more risk than I usually like.  QR Energy (QRE) hit the junk bond market with some 9.25% paper.  The company is an MLP with a distribution yield of about 11%.  That yield is tempting, but back out borrowing and unit issues over the past year and cash flow was negative.  Still, I hope to take a closer look before too much longer and see if I can find some positives in the mix.

As always, your comments are welcome here or at the article.

Fool on!


Disclosure:  No position in QRE.

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