SHANGHAI, Oct 24- China is asserting control over once-chaotic local government financing by banning the use of opaque funding vehicles, but filling the gap with a huge expansion of the fledgling municipal bond market will raise a whole new set of problems. Chastened by promiscuous local investment in response to the 2008 global financial crisis, Beijing...» 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.
European stocks finished the week lower, dragged down by news that British mortgage-lender Northern Rock was forced to ask for an emergency loan from the Bank of England.
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.
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.
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).