Jim Grant: Italian Junk Bonds With A “Zero Handle”

Great video clip with Jim Grant dishing on the upside-down world of risk assets and the massively distorted global bond markets.

“As an example of where the world is mispricing interest rates…look to Italy, which is having a big election on Sunday…there is a speculative grade Italian security, Italian Telecom, the 5 1/4’s of 2022 are trading at 0.61 percent, that is a junk bond with a zero handle.” –  Jim Grant, CNBC, March 1

Jim Grant_March2

 (click here for interview) 

This entry was posted in Bonds, Italian Yields, Italy, Uncategorized and tagged , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.