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In January the government managed to sell only a third of a planned $580m bond offering, even though it will be paying yields close to 16%.The IMF says it stands ready with technical assistance and loans to balance the books and rebuild foreign reserves.
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Portugal paid yields of 6.7% on its ten-year bond.
The Treasury fared far better as it auctioned $34 billion in five-year notes: It drew less demand than the previous sale, and the government paid yields of 1.85percentt, compared with expectations of 1.8percentt.
The last flagged companies pay yields above 3% and have the apparent financial strength to maintain those yields.
And finally, the financials, materials and utilities sectors consistently pay yields that are in excess of their respective overall benchmarks.
Investment-grade debt as well as junk bonds now pay yields not seen since the last recession.
Even with today's low interest rates, REITs pay yields in excess of 4%, so it's no wonder investors adore them.
At their worst, such names as Ford and DaimlerChrysler paid yields of 8%, a solid two percentage points more than the ten-year U.S. Treasury.
But the fact is that there's a very substantial corporate bond market out there that pays yields more in the 8% to 12% range than the 5% to 6% that you would see with Treasuries.
Many power producers are paying dividend yields of 5% and higher–among the highest yields from the utility group in the past two decades.
The number of income securities paying reasonable yields is shrinking as corporations, flush with cash, are retiring high-yielding securities.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com