It is easy to create new money but you cannot be sure where it will end up.A similar search for yield occurred in the middle of the previous decade as low government-bond yields caused investors to pile into complex debt products linked to American housing.
The front cover art image was taken from a photograph of a road outside Billings, Montana, while the inside cover depicts the yield sign in the middle of the ocean.
For example, the Dow Jones Industrial Average, which currently yields 2.4%, is in the middle of being undervalued at a 3% yield and overvalued at a 1.5% yield.
Last year, I decided that instead of suffering through another winter without local greens, I would try my hand at forcing roots - an age-old practice that yields springy vegetables even in the middle of winter.
The last time the benchmark 10-year note offered a yield this high was in the middle of August last year, which just happened to be an excellent time to be buying high-grade fixed-income investments.
"For example, wheat yields were one tonne per hectare in the middle of the 19th Century but improved farming methods and agri-science research now sees us closer to nine tonnes per hectare in the UK today," he told BBC News.
For instance, the 30-year 6.375 percent term bonds in South Carolina's $934 million deal were priced to yield 1.35 percentage points more than the benchmark yield of top-rated municipal bonds of 6.48 percent; in the middle of August, the same bond traded at a yield of only 5.75percentt, 0.74 percentage pointsmore than the benchmark, according to Bear , Stearns
Grain yield was determined from a 5-m2 area in the middle of each subplot and adjusted to a moisture content of 0.14 g H2O g−1 fresh weight.
This analysis yielded a cutoff at 15% staining positivity, reassuringly in the middle of the 10 20% range.
In contrast, salts in the middle of the Hofmeister series gave much higher recovery yields with 63% for NaCl and 58% for CH3COONa (Fig. 3).
