Climateer Line of the Day: Lying Bond Salesman Edition (TLT; HYG)
...“The ability to pick up incremental yield while not taking additional risk makes esoteric ABS attractive,” Wishengrad, [Barclays Capital] co- head of securitized products origination, said in a telephone interview. “Given the low-rate environment, investors view moving into less traditional asset classes as more attractive."...Roger that, buy the perpetual motion machine and they'll throw in a free lunch, over.
From Bloomberg...
