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
Treasury prices fell sharply Tuesday as investors celebrating the Federal Reserve's half-point cut in interest rates yanked their money out of bonds and shifted it to the stock market.
U.S. Treasury debt prices eased on Monday, as investors pared bets for a more aggressive interest rate cut from the Federal Reserve absent any further deterioration in the economy.
U.S. Treasurys eased Friday after soft economic data supported expectations of a modest interest rate cut by the Fed next week but disappointed investors betting on an aggressive reduction.
U.S. Treasury debt prices fell for a third day Thursday as signs of stability in the distressed credit markets caused investors to switch out of safe-haven government bonds.
U.S. government bond prices fell for a second day Wednesday as traders locked in profits from a rally fueled by speculation that the Federal Reserve could opt for a half-point interest-rate cut next week.
U.S. government debt prices fell in quiet trade Tuesday, weighed down by profit-taking and surging stocks, but expectations of a Federal Reserve interest rate cut next week curbed losses.
El-Erian will rejoin Pimco, one of the world's biggest fixed-income managers, as co-chief executive officer and co-chief investment officer, Harvard and Pimco said.
Forty-nine high-yield loan and bond deals worth 70 billion euros ($96.6 billion) have been affected by the credit market turmoil since mid-June, rating agency Standard & Poor's said on Tuesday.
U.S. Treasuries surged Monday, driving short-dated yields to two-year lows, as traders bet the Federal Reserve would aggressively cut interest rates next week and stocks eased on housing-related worries.
U.S. government debt prices soared Friday, sending short-dated yields to two-year lows, after surprisingly weak jobs data stoked recession fears and raised expectations for a Federal Reserve interest rate cut.
Treasury debt prices dipped Thursday, as reports of a stronger-than-expected U.S. service sector and job market reduced expectations for a deep cut in official interest rates.
Drugmaker AstraZeneca said on Thursday it had seen strong demand for $6.9 billion of bonds it issued to repay a significant part of the U.S. commercial paper taken on for the acquisition of biotechnology company Medimmune.
U.S. government debt prices rallied Wednesday, sending benchmark yields to five-month lows, after weak housing and employment reports solidified bets that the Federal Reserve would cut interest rates this month.
U.S. Treasury debt prices fell Friday as stocks rallied on a White House plan to rescue homeowners caught in the subprime mortgage debacle, taking the recent safe-haven bid out of government bonds.
General Electric felt the squeeze of the recent credit crunch Thursday as it was forced to boost how much interest it will pay on an upcoming corporate debt offering.
U.S. Treasuries rose Thursday as the market digested a government debt auction with ease and investors found more reasons to seek safe-haven investments in bonds.
You think you're a long-term investor? Vanguard funds founder Jack Bogle was on our air this morning, and I talked with him on the phone shortly after. He told me has been dollar cost averaging since 1951, when he first invested in a defined contribution benefit plan.
European stocks closed mainly in positive territory, helped by a morning rally in the U.S.
U.S. government bonds rallied on Tuesday, as stocks tumbled on fresh concerns over the health of credit markets and the troubled housing sector deteriorated further.
U.S. Treasury debt prices rose Monday, supported by more evidence of a weak U.S. housing market and lingering concerns about liquidity in credit markets.