NEW YORK, Feb 23- BlackRock Inc is planning to launch its first so-called "smart beta" bond fund that will adjust the holdings of a traditional bond index to achieve an equal balance of credit and interest rate risk. "You've seen this trend on the equity side, and I think you're seeing it start to accelerate on the fixed-income side," said Matt Tucker, head of iShares...» Read More
Henry McVey was "not really" surprised by the Feb. 27 market meltdown. But then, the chief U.S. investment strategist for Morgan Stanley says he'd seen the omens in January. He joined CNBC's Maria Bartiromo to discuss what might come next -- and how he's preparing for it.
Where is the suddenly turbulent market going? The answer may be up for grabs, but one thing seems certain: all investors should factor in Friday's jobs report. Two strategists -- one equity, one bonds -- gave their views on "Power Lunch."
We could very well see a big publicly-traded subprime lender go bankrupt. That's what one of the biggest subprime investors in the U.S. told Erin Burnett on "Street Signs." "We had a lot of rumors going around about liquidations of CDOs and Wall Street banks pulling warehouse lines and potentially pulling lines for additional originators and what it led to was a drive...
If your portfolio includes long bonds, specifically long treasuries, then you were among this week’s winners. T. Rowe Price U.S. Treasury Long-Term and Vanguard Long-Term U.S. Treasury notched the biggest gains amid the global market selloff.
A sell off in global stock markets is depressing Wall Street ahead of the opening and setting the stage for what will likely be a choppy trading day. The Shanghai market was the worst hit, losing 9%, its steepest decline in 10 years. The weakness extended across Asian markets and European stocks are lower.
Procter & Gamble, the U.S. consumer products maker, is planning to issue $4 billion worth of bonds in three parts denominated in euros and dollars, a market source said according to Reuters.
Imagine a world tuned upside down, where bad is good, ugly is beautiful, and debt – the worst black mark against a stock – becomes one of the best reasons to buy. This isn't the world of Bizarro Superman, it's where we are now, says Cramer. And that's why he thinks you should buy...
Employment figures are down: the Labor Department reports joblessness rising to 4.6%. The Dow has followed suit, losing 30.92 points by presstime. Should investors head for the hills? Not according to Mike Darda, chief economist at MKM Partners. Darda joined "Street Signs" to...
Showing up for the first trading day of the New Year is a little like arriving for the first day of school. Good grades from last year no longer count, and the books are no longer relevant. That feeling is especially strong when the old year rang in some very comfortable double digit gains for stocks, and the path to the next year's profits is not so clear. The first week of 2007 is awash in data, including the Friday jobs report, auto sales, retailers'.....
U.S. loan issuance soared to a record $1.67 trillion in 2006 as mergers and leveraged buyouts spurred new sales of loans and high-yield bonds, with J.P. Morgan leading the pack.
The latest Russell Investment Management survey is out and it shows that the lion's share of money managers are bullish for the new year. Randy Lert is chief portfolio strategist for Russell Investment Group. He was on Morning Call to discuss the survey results with Michelle Caruso-Cabrera.
Junk bonds are known for being one of the riskiest investment vehicles available. It’s interesting to note then that $100 invested in 1987 in both the S&P 500 and the Bear Sterns Junk Bond Index would garner the same return – with less volatility. At the turn of the century, the S&P jumped during the dot-com boom, then crashed back to the same level as the junk bond market.
Here are the U.S. Consumer Price Index (CPI) numbers for November: unchanged--which is far better than the 0.2% increase than many economists had expected. The core rate--which excludes the volatile food and energy sectors--was also unchanged. Economists had been looking for a 0.2% increase there as well...
It's a big day for the Federal Reserve as they hold their last meeting of the year. Their statement comes out around 2:15 p.m. ET--but we'll have outlooks from analysts before then. And we'll have reaction to what they do. Among the scheduled guests for post Fed statement release: Bill Gross from Pimco. He'll be on "Street Signs."
Good morning. Our quote of the day comes from Thomas Jefferson: "You have to have your heart in the business and the business in your heart." The economic calendar will get attention today as the revised Q3 Productivity--Factory Orders and ISM Services reports are due to be released.
The yield curve has not been this inverted (where short term interest rates are higher than long term) since December of 2000--and the last time around--that level of inversion foreshadowed a steep decline in the equity market.