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.
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.
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.
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.
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Long-dated government bond prices slid Thursday after a report showing growing exports exacerbated worries that inflation could get out of hand if the Federal Reserve keeps cutting interest rates, as signaled by the central bank's chief.
U.S. Treasury bond prices turned mixed Wednesday as credit worries offset pressure from an unexpected increase in January retail sales.
There is good news and bad news today. The good news is that there have been some signs of stabilization: retail sales better than expected, commodity off their highs, and the stock market is behaving better this week.
Troubled bond insurer Ambac Financial Group said it has rejected extra guarantees on municipal bonds offered by billionaire investor Warren Buffett -- and it may not be the first to have done so.
Warren Buffett's offer to back the municipal bond portfolios of three monoline insurers has put some bounce into stocks today, and it's also waking up the credit markets. Buffett's offer to have his Berkshire Hathaway guarantee the $800 billion municipal bonds covered by three troubled insurers is giving a big boost of confidence to a market made anxious...
Treasury bond prices slid after billionaire investor Warren Buffett offered to take over some liabilities of bond insurers, easing a critical concern that has inspired flight-to-safety bond purchases.
Rally on strength in cyclicals, agricultural stocks, insurance and banks. Markets are up for a couple reasons this morning. Most importantly, there is a sense that efforts are being made to address the credit problems, whether it is:
Stock futures have rallied about 6 points, bond futures have declined as Warren Buffet appeared on CNBC saying he has offered to take over the muni bond insurance exposure from the big 3 bond insurers (MBIA, Ambak, and FGIC)--about $800 billion worth.
Treasury debt prices rose Monday as investors sought a safe haven for their assets in continued worries that a housing-led slowdown could be dragging the U.S. economy into recession.