Whenever the bond market is faced with a flood of new supply, traders invariably sell existing securities, a practice that drives down prices.
Surging Treasury yields rattled this notoriously illiquid market; a flash flood of new supply didn't help; the future of the popular but temporary Build America Bond program is bound up in the Washington tax debate; and the related uncertainty over personal tax rates hardly fills investors in the tax-driven muni asset class with much confidence, either.
This flood of expected supply masks the considerable and often underappreciated amount of restructuring that has already taken place in corporate Japan.
Mr. López, a meticulous mechanic who wears plastic gloves to avoid dirtying his fingers, said legalizing imports and investment would create a flood of the supplies that businesses needed, overwhelming the government's controls while lowering prices and creating more work apart from the state.
In fact, the opposite occurred: in that period, the U.S. street price dropped from roughly $80 to $60 a gram because of a flood of new supplies coming into the U.S. market, and it would continue to drop after his death.
In the piece, a Cuban mechanic said, "legalizing imports and investment would create a flood of the supplies that businesses needed, overwhelming the government's controls while lowering prices and creating more work apart from the state".
Despite a flash flood of floating-rate supply in recent days, demand doesn't yet appear particularly heavy.
6) Adaptation planning to MSLR projections requires a comprehensive risk assessment of the risk of flood, fresh water supply shortage, coastal erosion, wetland loss, siltation of ports and waterway in Chinese delta cities and adjacent regions.
In a multiyear deal announced early Monday, DreamWorks Animation will supply a flood of new episodic TV programs to the Internet streaming service.
The country faces little or no inflation and a flood of Federal Reserve Board largesse in money supply and enticingly low interest rates.
