what is your opinion of GE short term debt safety? Nice return for 2 or 3 years.
I bought a few GENERAL ELECTRIC CAPITAL CORP MTN 3.00000% 02/15/2020 (36966TEK4) yesterday for an annual YTM of 6.69%.
I probably would be ok with 2 years, but I saw these shorter maturities and I felt better about buying them. Three years, I don't know. A lot can happen in three years.
My original plan was to wait until they were downgraded below investment grade, and then buy. GE was downgraded, but only to BBB+, so it might have been a long wait. Anyhow, the yields were already like junk bonds, so I went for a small short position.
I think we can safely replace "short" with "shot-term"