The longest portion of the offering, a 40-year bond, is expected to yield 0.95 percentage points over US Treasuries, down from 1.2 percentage points during initial talks, the people said.
Gotta be really bearish on treasuries to consider this a good idea.
Gotta be really bearish on treasuries to consider this a good idea.
Certainly the rate cut from 1.2 to 0.95 implies Google is becoming more bearish on treasuries over time.
a bit confusing since there are no 40 year treasuries. Even more bearish for US solvency if that is 0.9 points over 30 year.