ATLANTIC CITY, N.J.— Wall Street is looking at Atlantic City's financial future and doesn't like what it sees. Moody's Investors Service on Friday lowered Atlantic City's bond rating by six steps, from Ba1 to Caa1, which is deep into junk territory. Chris Christie appointed corporate turnaround specialist Kevin Lavin as the city's emergency manager, and Kevyn...» Read More
U.S. Treasurys fell Friday after firm economic data eroded expectations of a bond-friendly Federal Reserve rate cut this month and rebounding stocks sucked cash out of the safe-haven debt market.
US Treasuries fell Thursday after lower-than-expected weekly jobless claims bolstered views of a healthy labor market, lowering expectations of a near-term interest rate cut.
U.S. government bond prices were little changed Wednesday, as doubts over the outlook for future Federal Reserve interest rate cuts offset an earlier boost in Treasuries provided by sliding stocks.
U.S. Treasurys rose slightly Tuesday in lackluster trade as investors looked ahead to the release of minutes from the Federal Reserve's last policy meeting when the central bank cut benchmark interest rates.
The $50 trillion market for credit default swaps is set to continue a five-year trend of breakneck growth and increasing sophistication after serving a vital role during the summer credit crisis.
U.S. Treasury debt prices plunged on Friday, after a much stronger reading on the labor market suggested the Federal Reserve might not need to cut interest rates later this month.
U.S. Treasury debt prices rose Thursday after a steep drop in factory orders suggested businesses are feeling the brunt of a slowing economy.
The world's largest brokerage Merrill Lynch, which is expected to announce third-quarter losses in fixed income, said that global head of fixed income, currencies & commodities, has left the firm.
Merrill Lynch said on Wednesday that David Sobotka replaced Osman Semerci as global head of fixed income, currencies & commodities.
U.S. Treasury prices slipped Wednesday after service sector data showed more hiring and a spike in costs, both worrisome inflation omens for bonds.
U.S. Treasurys edged up on Tuesday after data showing pending homes sales fell three times more than forecast, blunting hopes for a swift end to a two-month lending crisis in financial markets.
Long-dated U.S. government bonds rose on Monday as the outlook for manufacturing dimmed and three top investment banks said earnings came under pressure from the global credit crisis.
U.S. Treasury debt prices rose Friday, the last day of a booming quarter for bonds, after evidence of easing inflation appeared to pave the way for the Federal Reserve to continue to cut interest rates.
U.S. Treasury debt prices were flat to slightly lower Thursday, as data suggesting a solid job market offset hopes of more interest rate cuts by the Federal Reserve amid worries about the housing slump.
Treasury prices turned higher Wednesday, bolstered by surprisingly strong investor demand in a government sale of $18 billion in new 2-year Treasurys.
U.S. Treasury prices finished mostly higher Monday, shaking off an early decline and benefiting from a downturn in the stock market. In general, stocks have risen while Treasurys have been driven lower in the wake of the Federal Reserve's decision last week to reduce official rates by a full half percentage point.
U.S. Treasurys were flat to slightly higher Friday as investors took a break from recent selling that has been based on rising expectations of climbing inflation amid soaring oil prices and a falling dollar.
U.S. government debt prices fell Thursday, extending earlier losses, after a surprise decline in weekly jobless claims scaled back worries about labor weakness and overall health of the economy.
U.S. Treasury debt prices slid sharply on Wednesday, led by long-dated bonds, due to inflation worries and demand for riskier assets such as stocks after the Federal Reserve's aggressive rate cut.
German chemical company BASF plans to sell a 7-year euro benchmark bond, one of the banks managing the sale said on Wednesday, as the outlook for credit markets brightened.