Kodak – the company which once was the leader in photography, went bankrupt in 2012 and was reborn as a company focussing on commercial imaging has launched the KODAKCoin cryptocurrency and a platform called KODAKOne that leverages blockchain.
On back of the news the stock soared 130% and ended the day up 120%. The initial coin offering opens on January 31 for all those who want a new Kodak moment.
Meanwhile, Greece bond yields continue to fall hitting a 12 year low. The country that was bailed out (several times) is expected to exit the bailout program in 2018. 10 year bond yields are currently 3.67%.
2 year bond yields are 1.47% as compared to 1.95% for the US. What about 2 year bond yields for other countries?
The zero/negative interest rate regime continues..
“Speak not of my debts unless you mean to pay them.” – George Herbert