Fed's Easy Money Helps European Banks Refinance - Bloomberg

Fed's Easy Money Helps European Banks Refinance - Bloomberg: "Relative yields on U.S. bank bonds fell below similar European debt for the first time on Dec. 8, according to Bank of America Merrill Lynch index data. The gap, which reached as wide as 30 basis points on Jan. 11, narrowed to 15 basis points as of the end of last week. A year ago, U.S. debt spreads were 51 basis points higher. A basis point is 0.01 percentage point.

Elsewhere in credit markets, the cost of protecting U.S. corporate bonds from default fell from the highest level in two weeks"

The passage above was buried in the article. Wonder how many know our debt costs so much, generally a a sign of high risk.