Standard & Poor's reaffirmed the Triple A rating on the two biggest bond insurers, MBIA and Ambac Financial Group, sparking a rally by both stocks and the market in general.
Stocks closed sharply higher after Standard & Poor's reaffirmed the triple A ratings on two big bond insurers, sparking an explosive rally.
Treasury prices fell on signs that a much-touted bond insurer bailout plan would pan out, although trading was indecisive ahead of congressional testimony by the Federal Reserve chief later in the week.
More trouble from the financial sector threatened yet again to thwart a mild rally on Wall Street.
Stocks moved into positive territory despite more signs of weakness in the housing market, as Genentech led pharmaceuticals higher.
Dresdner Bank, part of the Allianz insurance group, intends to support a rescue package for U.S. bond insurer Ambac Financial Group with a sum in the low double-digit millions of euros, the head of Dresdner's investment banking operations said on Monday.
An official deal on a recapitalization plan for troubled bond insurer Ambac that could save its triple-A rating is near, as banks worked over the weekend to forge it.
Bankers working on the deal to bail out troubled bond insurer Ambac say progress is being made on a recapitalization plan that could save the bond insurer's triple-A rating.
Treasury prices were higher Friday as wary investors once more elected to play it safe by buying government bonds and selling stocks.
Treasurys rallied after a weaker-than-expected manufacturing report underscored the outlook for a weaker economy and easier monetary policy.
Even the New England Patriots have been tripped up by the suddenly treacherous municipal bond auction-rate market, as the team was forced to pay a 20 percent interest rate until it switched to more frequent auctions, according to a market source.
US government debt prices were flat Wednesday, trimming earlier gains, as the stock market's move into positive territory dimmed the safe-haven appeal of bonds.
The benchmark 10-year Treasury note fell one full point in price Tuesday, as rising stocks curbed the safe haven appeal of U.S. government bonds, traders said.
Bond insurer MBIA said Tuesday that former Chairman and CEO Joseph "Jay" Brown was returning to replace current CEO Gary Dunton as the company, beset by mortgage-related losses, scrambles to maintain a top credit rating.
Efforts to rescue a distraught U.S. bond insurance industry could inject a positive note on Wall Street but the economic data and earnings reports are unlikely to change a downward trend.
It doesn't solve the real problem, the N.Y. governor said.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Banks and other lenders-- from the nation's largest to those with only a few branches-- say they are tightening lending standards, and not just for home loans.
Treasury debt prices rose as a series of bleak reports suggested the economy may have tipped toward recession, boosting the allure of safe-haven government bonds.
Investors are shying away from municipal bonds, forcing states and cities around the nation to pay sharply higher interest rates.
Financial Guaranty Insurance Corp., the third-biggest bond insurer that just lost its triple A bond rating because of subprime-related losses, plans to split into two companies, New York state Insurance Superintendent Eric Dinallo told CNBC.