TSX:NWH.DB.G - Post by User
Post by
TheBridgeon Oct 18, 2023 12:30pm
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Post# 35689230
Higher For Longer
Higher For LongerSigns, signs all around there are signs. Yesterday the news media carried a story with two titles, "Infation Cools to 3.8% in September" and "Inflation Rises 3.8% since last September." Signs that affect the lending rates of those corporations with floating debt, amongst others.
This morning Joe Weisenthal, Bloomberg Americas Edition, added some further and interesting signs from the US side of the border as they relate to the long end yield of US treasuries. I'll just post some of the comments that caught my attentiion as I wait, along with other investors, to see how this NWH.UN story unfolds.
"We're at levels on the 2-year yield that we haven't seen since 2006. A little bit higher and we'll be talking about the highest 2-year yeilds since 2000. These yield moves continue to reinforce the higher for longer theme, as traders pull back on bets that rate cuts are coming. This year has seen significantly higher rates, a mini-banking crisis in March, the breakout of multiple major strikes and a seemingly spiraling geopolitical envirnonment. And yet somehow the S&P 500 remains up roughly 14% on the year. Probably not what many people would have guessed."
IMO, it looks like a dropping nwh.un share price, possibly a take out at a terrible price, and likely a long wait to find out how this story unfolds. Also looks like "hope" has become the most significant factor nwh.un..