Goldman Sachs (GS)

Bloomberg reports that Goldman Sachs is tapping demand that’s driven their borrowing costs to the lowest level in almost five years. The company issued $2 billion of bonds at a yield premium 44 % less than the last time it sold similar-maturity debt.
What a difference a year makes. Goldman sold the 5.375 % 10-year notes, priced to yield 5.493 percent, or 190 basis points more than Treasuries. Last May however, according to Bloomberg, Goldman paid a spread of 337.5 basis points.

Mar 2 · 11:12:00 AM
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by Jerry Byrne