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Bonds Articles
The Bank of Canada this morning announced a hike for the overnight rate by 0.25%. The new overnight rate is still only 0.75%. The Bank Rate is correspondingly 1.00% and the deposit rate is 0.50%. ...
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The newest minutes from the June 22 to 23, 2010 FOMC meeting is a lowering of economic growth estimates from the Federal Reserve for the rest of 2010. The market has already reflected this in the...
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Maybe the markets felt directionless for most of Friday ahead of earnings season, but the trading action of this week might make some wonder if a Double-Dip Recession is less likely. The economic...
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Ford Motor Co. (NYSE: F), America’s only major automaker not in debt to taxpayers, is seeing its shares gain this morning after it paid off more than $4 billion in debt. Citigroup also has chimed...
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If you have watched Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), you know what has gone on. These are technically Federal National Mortgage Association (NYSE: FNM) and Federal Home Loan...
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As expected, the Federal Open Market Committee under Ben Bernanke has voted to leave the Fed Funds Rate unchanged at the Target of 0.00% to 0.25%. The vote was 9 to 1 against a rate hike, again...
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The day has come for Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM). Freddie Mac has notified the New York Stock Exchange of its intent to delist its common stock from NYSE trading. It is...
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Fitch is generally considered third fiddle in a two-agency dominated game of debt ratings behind Moody’s and Standard & Poor’s. But a ‘timely’ downgrade out of Fitch on BP plc (NYSE:...
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Ambac Financial Group, Inc. (NYSE: ABK) was trying to have a good day yesterday, but it is one of those companies where almost all good news is met by more selling. The news yesterday that helped...
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Microsoft Corporation (NASDAQ: MSFT) closed lower today along with many technology companies, but there is something rather interesting worth noting. This morning we covered a small esoteric...
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Microsoft Corp. (NASDAQ: MSFT) is selling $1.15 billion worth of convertible senior notes, but chances are that you won’t be able to participate in this offering even if you wanted to. The notes...
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Claymore Securities has just launched several new investment grade corporate bond ETF products that are designed to allow investors to invest in a basket of bond maturities. The Claymore...
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Back in the liquidity bubble, corporate bond spreads were tight. Very tight. Sometimes as little as 50 or 75 basis points for those deemed a solid investment grade, and sometimes even tighter...
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Bill Gross, the head investment officer of bond giant PIMCO and the most famous fixed-income investor in the world, dismissed Moody’s (NYSE: MCO) and S&P as deeply flawed arbiters of...
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As you expected, no rate hike came from the two-day FOMC meeting today at 2:15 PM EST. The target Fed Funds Rate was kept at the same 0.00% to 0.25% that has been the case for over a year. As far...
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