WASHINGTON, Jan 26- The $3.7 trillion U.S. municipal bond market will benefit from a recent delay in implementing part of the Dodd-Frank financial reform law known as the Volcker Rule, Moody's Investors Service said on Monday. Last month Congress passed legislation giving banks extra time to comply with the rule. The implementation delay until July 2017 will "...» Read More
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.
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.
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.
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.
European stocks closed mixed in the afternoon session Monday, after European Central Bank President Jean-Claude Trichet kept the options open for euro-zone rate moves ahead of an ECB monetary policy meeting next week.
Stocks futures are meandering on both sides of the unchanged mark after stronger-than-expected durable goods orders and investors now await new home sales data due at 10 am New York time.
The hot topic on the Street is the probability of a recession. Robert Albertson, chief strategist at Sandler O'Neill, and this morning Angelo Mozillo, CEO of Countrywide both voiced fears that a recession was coming. Opinions are sharply divided on this. David Bianco, UBS' Equity Strategist, said earlier this month that the S&P seems to be signaling a "financial sector recession" (i.e. that a recession is expected to mostly affect financial sector profits).
Stoked by positive developments on the credit and mortgage front, stocks are building on yesterday's gains and look ready to spring higher on the open.
Wall Street prepares for lift off on the opening amid calmer credit markets, higher world stock markets and some merger news. European stock markets are comfortably higher, and Asia closed higher though Japan stocks were flat on the rising yen.
Struggling subprime mortgage lender Accredited Home Lenders Holding on Tuesday said it agreed to sell $1 billion of home loans to an unnamed investor, a move it said would limit its exposure to margin calls.
Stock traders will be looking over their shoulders at the credit markets as a furious flight to quality into Treasuries keeps the pressure on stocks prices. For now, stock futures are higher and look set for a firmer opening.
Wall Street is set for a higher open after world stock markets rebounded in a Fed-inspired relief rally. Tokyo stocks were up 3%, the biggest gain in more than a year, in its first trading day since the Fed move. European stock markets, up sharply Friday, continue to rise this morning.
A bruising selloff in world stock markets is about to extract more pain on Wall Street, where stock index futures are pointing to a sharply lower opening.
Wall Street is bracing for a weaker opening, joining a sell off in stock markets around the world. Europe's major markets were lower after a selling spree across Asian markets, sparked by credit fears.
Stocks start the week on firmer ground after central bankers once again pumped cash into the markets, injecting confidence and liquidity. Stock markets around the globe gained, and U.S. stock futures are higher.
Wall Street is bracing for a sharply lower open as fears of a global liquidity crisis pound stock markets worldwide. Central banks around the globe stepped in to inject funds into the banking system and pump confidence back into markets, wary of the continued ripple effect of the U.S. subprime mortgage fallout.