Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Microsoft "Bonds" With Investors

By

Strengthen your portfolio in good times and bad.

PrintPRINT

Mister Softee's First Bond Offering

Microsoft (MSFT) sold its first US corporate bond yesterday. According to Reuters, the sale attracted over $10 billion in demand. Since the cash rich, Triple A-rated company didn't really need the money, some market participants considered it a rare lending opportunity. The $3.75 billion offering of senior unsecured notes consisted of $2 billion worth of 2.95% notes due June 1, 2014, $1 billion worth of 4.2% notes due June 1, 2019 and $750 million worth of 5.2% notes due June 1, 2039.

The company said it intends to use the proceeds for general corporate purposes, which could include working capital, capital expenditures and buying back stock. The offering is expected to close May 18.

From the Bull Pen: This is more evidence of risk appetite. And speaking of risk appetite, see how McDonald's (MCD) filled its gap at $54. A sell stop can be set below that level.

From the Bear Cave: Bears can still consider a play in Bank of New York Mellon (BK). If it's the start of a downtrend, the first stop could be near $28, and then $25. One can set a tight buy stop near $31.

Quick Check Around the World

Asian trading closed with the Hang Seng 0.38%, India 4.07%, Nikkei -1.62%, Shanghai 1.49% and Taiwan -3.23%.

Glancing towards Europe, we see the CAC -0.60%, DAX 0.34%, FTSE -0.50%

As of 8:15 AM EST, S&P Futures are trading +4 to 913.00, and Nasdaq futures are +6 to 1402.00.

A Look at Commodities

Over in commodities, crude oil is trading +1.05 to 59.55 while gold is +8.20 at 921.70 this morning. Silver is +0.350 to 14.26 and copper +4.15 to 213.50.

The dollar index is -0.4850 to 82.3100.

On the Radar

Economics

08:30 Trade Balance -29.2b

Click here for the full trading radar.

Happy Tuesday! Good luck and have a great day!

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

PrintPRINT
 
Featured Videos

WHAT'S POPULAR IN THE VILLE