Investors viewed Greece’s rescue deal with caution Tuesday, as stocks finished the day around flat, and Treasurys recouped some of their losses. Meanwhile, companies continued to borrow with ease. Five issuers brought about $ 9.1 billion of investment-grade bonds to the market, and most deals were oversubscribed. Elsewhere, municipal bonds followed Treasurys lower in price, [...]
Bonds News
GAO Report That Retail Pays More Isn’t New News – Bond Buyer
February 21st, 2012
A government report that describes how institutional investors pay less than individual investors when buying or selling municipal bonds isn’t news to market participants. The Government Accountability Office report on muni bond transactions released in January said that retail investors paid an average 2.5% markup when buying $ 5,000 worth of municipal securities in the [...]
Italy Police Seize $6 Trillion of Fake U.S. Treasury Bonds in Switzerland – Bloomberg
February 20th, 2012
Enlarge image Italy Fake Bonds Counterfeit U.S. bond confiscated in Switzerland shown on Feb. 17, 2012. Photograph: Carabinieri/AP Counterfeit U.S. bond confiscated in Switzerland shown on Feb. 17, 2012. Photograph: Carabinieri/AP Italian anti-mafia prosecutors said they seized a record $ 6 trillion of allegedly fake U.S. Treasury bonds, an amount that’s almost half of the [...]
Italian cops seize $6 trillion in fake US Treasury bills – Haaretz
February 19th, 2012
Italian police seized about $ 6 trillion worth of fake U.S. Treasury bonds and other securities in Switzerland, and arrested eight Italians accused of international fraud and other financial crimes, police reported on Friday. The operation, coordinated by prosecutors from the southern Italian city of Potenza, was carried out by Italian, Swiss and U.S. authorities [...]
A Fog Warning, Again, for Municipal Bonds – New York Times
February 19th, 2012
A Fog Warning, Again, for Municipal BondsNew York TimesFEW areas of finance are as opaque as the municipal bond market. Which is astounding, when you consider how crucial this $ 4 trillion market is to the nation's economic life. Sure, munis seem boring. But without them, state and local finances would …and more »
Treasury Bonds Slip On Greek Bailout Hopes – Wall Street Journal
February 18th, 2012
– Treasurys post weekly price decline, but loss moderate – Market faces $ 99 billion in new notes supply next week – Goldman: 10-year yield 45 basis point lower due to Fed, euro zone – Bond market closes Monday for U.S. public holiday NEW YORK (Dow Jones)–Nurtured by some hopes that a bailout deal for [...]
CREDIT MARKETS: Treasurys Fall As Investors Look To Greek Deal – Wall Street Journal
February 18th, 2012
NEW YORK (Dow Jones)–Treasurys fell Friday as investors were encouraged that a bailout deal for Greece is on the horizon, while corporate bonds were largely flat ahead of the three-day holiday weekend. The CDX North America Investment-Grade Index, a measure of health in the U.S. corporate-bond market, was on track to improve 0.4%, according to [...]
Bill Gross’s Dual Play In Treasury Bonds Pays Off – Wall Street Journal (blog)
February 17th, 2012
By Min Zeng Although Bill Gross may have missed the broad rally in Treasurys, the manager of the world’s biggest bond fund has found ways to extract decent returns from that market and recover from a poor performance last year. Gross, the founder and co-chief investment officer at Pacific Investment Management Co., appears to have [...]
Diversify. Don’t Just Invest in Municipal Bonds – Fox Business
February 17th, 2012
Dear Dr. Don,Should I put all of my investments in tax-exempt, independent school district bonds? I am 83 years old, and I draw retirement and Social Security.– Al Aggregated Dear Al,As a former school district treasurer, I like the sentiment. However, I can’t recommend you transfer your entire investment portfolio to tax-exempt debt issues, regardless [...]
Treasury Bond Rally Fizzles – Wall Street Journal
February 16th, 2012
BY MIN ZENG NEW YORK—After flying high for most of Wednesday’s session, Treasury bonds were pulled down by a Federal Reserve report and comments from a top European Union official that allayed fears about the Greek debt crisis. Investors had flocked to Treasury bonds for safety earlier, jolted by news reports that a bailout deal [...]
Treasury Bonds Woo Investors On Valentine’s Day – Wall Street Journal
February 15th, 2012
–Euro-zone uncertainty, U.S. retail sales key boost for rally –EU finance minister meeting due Wednesday was called off –Bearish bets on Treasurys fell to lowest since October poll NEW YORK (Dow Jones) — Treasury bonds lured investors on Valentine’s Day, as uncertainty over the euro zone’s debt crisis and disappointing U.S. retail sales boosted demand [...]
Longest Hospital-Bond Rally Since 2006 Imperiled: Muni Credit – San Francisco Chronicle
February 15th, 2012
Feb. 14 — The longest rally for municipal hospital bonds since 2006 may be doomed as President Barack Obama and U.S. states propose more than $ 300 billion of health- care spending reductions to close deficits. Obama’s fiscal 2013 budget plan yesterday called for $ 319 billion of cuts over a decade to Medicare and [...]