Guest Post by John Galt
So who is this?
A start up from the post Covid era that is now failing?
Down over 50% since hitting the markets.
Perhaps a second clue:
It made it to the international financial news by trading at 43 cents today.
Maybe one more clue:
It’s a sovereign bond issued by the United States as pointed out by Bloomberg Asia tonight.
Meet CUSIP US912810SN90 a 30 year 1.25% bond issued in May of 2020:
(click to enlarge)
Might as well carry it to maturity because very “few” would buy this garbage paper so this clown show in DC had best get their act together before we start seeing US Treasuries no matter what year they were issued trading like Japan or worse.
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[ H/T The Burning Platform ]
So who is this?
A start up from the post Covid era that is now failing?
Down over 50% since hitting the markets.
Perhaps a second clue:
It made it to the international financial news by trading at 43 cents today.
Maybe one more clue:
It’s a sovereign bond issued by the United States as pointed out by Bloomberg Asia tonight.
Meet CUSIP US912810SN90 a 30 year 1.25% bond issued in May of 2020:
(click to enlarge)
Might as well carry it to maturity because very “few” would buy this garbage paper so this clown show in DC had best get their act together before we start seeing US Treasuries no matter what year they were issued trading like Japan or worse.
Tweet
Continue reading...
[ H/T The Burning Platform ]
