Once again, disappointing economic data caused stock markets to sag last week, with the Dow Jones Industrial Average falling 1.6% to 11,952, the S&P 500 Index declining 2.2% to 1,271 and the Nasdaq Composite dropping 3.3% to 2,644. Investors also witnessed a rebound in the US dollar, a rally in bonds and a rise in oil prices.
Rebecca Parrett, who bilked Pimco and others out of $3 billion, had been on the lam since March 2009. Yesterday, she was arrested in a Mexican resort. Said a U.S. Marshal: 'For somebody who was on the run, it was pretty good.'
A federal judge has upheld a $1.47 million arbitration award given last fall to former NBA star Horace Grant for losses he sustained on investments in failed Regions Morgan Keegan Select bond funds.
Morgan Keegan & Co. has been granted an administration hearing on allegations that its brokerage firm cost investors, including retirees, more than $2 billion in losses through fraudulent and reckless business practices.
Fixed-income fund managers likely will face heightened margin requirements when trading privately negotiated derivatives under the new financial services reform bill.
Bill Gross, co-chief investment officer at Pacific Investment Management Co., recently bought $100 million of shorter maturity BP Plc bonds
Mr. Dial is slightly overweight double-B rated loans, and slightly underweight triple-C rated loans. He has also added some high-yield bonds to the portfolio as a way to enhance performance.
Talk of a bond bubble has put skittish investors and financial advisers even more on edge over their large allocations to fixed income.
Standish Mellon Asset Management Co. LLC is scaling back the level of risk within its municipal bond portfolios but isn't worried about massive defaults among local and state governments, according to an executive at the firm.
Fitch slashes embattled energy company's senior unsecured debt rating six notches. Is non-investment grade the next stop?
Bond guru slashes holdings in government paper from 'overweight' to 'small underweight'; sees 'long-term bottoming process'
The capital markets continually set traps for the unwary, and it is financial advisers' responsibility to help their clients avoid them.
Charles Schwab Corp. said it agreed to pay an additional $35 million to settle claims that the online brokerage misled investors who owned its Schwab YieldPlus Fund.
Patrick Galley, manager of the $350 million RiverNorth Core Opportunity Fund Ticker:(RNCOX) sees opportunities in select closed-end funds, particularly as investors in general sit too cautiously on the sidelines.
Kansas City Federal Reserve Bank President Thomas Hoenig said the U.S. economic recovery has the momentum to sustain itself and called for an increase in the target federal funds rate to 1 percent by the end of the summer.
To pry shellshocked investors out of their cash positions, several big fund companies are nudging investors into the next least-conservative position: short-term-bond funds.
Longer-term Treasurys rose after the government sold $42 billion of two-year notes at the lowest yield on record as concern Europe's debt crisis is spreading boosted the refuge appeal of U.S. securities.
Rush to less-risky investments gores equity specialists and actively managed ETFs
Economists would likely agree that the bond market rally is the market's rational response to current (albeit heavily government-influenced) reality. But there's a disturbing signal ahead.
