The Bond Market Is Taking Goldman To The Cleaners

Goldman managed to borrow money from the bond market on Wednesday, despite a dearth of liquidity overall. Which is good for them, but they were forced to pay out a substantial yield. As shown below by Alphaville Goldman had to pay 2.81% more than U.S treasuries for 10-year money, which is an enormous change from just a 1.75% premium two months ago.

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