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What is the financial description of TD Circ 570s?

Updated: 8/17/2019
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15y ago

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And the TD Circ 570 term that they made up? It's hard to imagine why they would use this particular term, but perhaps the closest term that makes any sense is Treasury Department Circular 570, which seems to pertain primarily to insurance companies and sureties for reinsurance of federal debt, and lots of other stuff that will put most people immediately to sleep. Perhaps there's something in there about using investment grade bonds as surety collateral, but from a quick glance at the circular it doesn't seem to particularly apply here unless (and I doubt this is true) McDonald is focusing on insurance company debt. Individual investors are likely to focus on fairly liquid corporate bonds that are easily traded through brokers at somewhat fair prices, so we should probably assume that this is what the Bond Trader is still telling folks to buy. By StockGumshoe

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