US 2-year bond

[StubbleJumper]

Don't look now, but the US 2-year bond rate is now bouncing around 2.60%.  FFH's bond port is overwhelmingly short-term, so there should be a favourable kick to EPS as the bonds get rolled over.  What's an extra 0.25% applied to $12B of short term bonds, US$300m per year or something?  That's only like $10/sh....

 

 

SJ

[petec]

I believe they were close to pulling the trigger on 2-3 year bonds when the 2y was at 2.25%. I would imagine all that cash is now in 2-3y bonds. Super news.