Muni Bonds: Why States Are Chasing Retail Investors Aug 20, 2009
One of the purposes of the program is to instill in Californians "a patriotic for lack of a better term sense of investing in California's future by buying bonds," he says. "Our voters have approved umpteen billion dollars of infrastructure bonds, so they clearly have seen the need to make that investment and this initiative is a way to take it to the next level.". (BusinessWeek)
Japan 5-Year Yields Fall to Lowest This Month as Demands Rises at Auction Aug 18, 2009
I recommend buying bonds, said , chief strategist in Tokyo at UBS Securities Japan Ltd. The duration extension into next month will be longer than usual. . (Bloomberg -- Japan)
Jury Finds Butler Did It Aug 18, 2009
Eric Butler, one of two ex-Credit Suisse brokers charged with duping investors into buying bonds backed by junk loans, was convicted yesterday by a Brooklyn jury. After less than three hours of deliberation, the jury ended the three- week trial with a guilty verdict against Butler, 37, convicting him on all counts, including conspiracy and se curities fraud. (New York Post -- Business)
Fed: Recession Ending, Rates Left Alone Aug 14, 2009
Buying bonds was one of the Fed s efforts to drive down the cost of home mortgages. In a way, it s more of a thumbs-up than if they had said they were continuing the Treasury-buying, said Edward McKelvey, an economist at Goldman Sachs. (Realtor Magazine Online)
Article Index Aug 11, 2009
Washington Report: Buying Bonds and the Mortgage Mar. (RealtyTimes)
Debt Raters Say Getting It Wrong Is Their Right: Ann Woolner Aug 6, 2009
They are suing Standard & Poors, Moodys Investors Service and Fitch Ratings because they lost $40,000 by buying bonds issued by Lehman Brothers Holdings Inc. that all three rated as investment grade. The Abrams Factor. (Bloomberg -- Columnists)
India's Swaps Spread Will Narrow as Cost of Borrowing Increases, DBS Says Aug 5, 2009
The central banks attempt to boost cash in the banking system by buying bonds wont prevent yields from rising, DBS said. Indian government bonds have lost 4. (Bloomberg -- Asia)
Europes flavour for bonds Aug 4, 2009
European retail investors are buying bonds directly, many for the first time. Suki Mann, head of credit strategy at Socit Gnrale, says: Its easy enough to see why; youve got tremendous stock volatility, weak housing markets, low deposit rates and economic uncertainty. (FT.com -- Markets)
Dollar Weakens for Second Day Against Euro on Optimism GDP Decline Slowed Jul 31, 2009
Bank of England policy maker said last week the bank may pause its plan to stoke growth by buying bonds if forecasts next month point to an improvement. Gains in the euro were tempered before reports that economists said will show deflation deepened in the 16-nation area and job losses there increased. (Bloomberg -- Germany)
U.K. Consumer Confidence Holds at Highest Since April 2008 as Slump Eases Jul 31, 2009
Bank of England policy maker said last week the bank may pause its plan to stoke growth by buying bonds if forecasts next month point to an improvement. Consumers remain tentative and are waiting to see what happens, Rachael Joy, an analyst at GfK, said in the statement. (Bloomberg -- UK)
Resona Bank to Shun Bonds, Buy Stocks to Benefit From Global Recovery Jul 28, 2009
In particular, we want to avoid buying bonds of countries which may misjudge the timing for exiting from the credit easing, Kurose said, without elaborating further. Japan and the U.S. cant exit the credit easing right now. (Bloomberg -- Japan)
Pound Weakens Against Euro as Economy Contracts Twice as Much as Forecast Jul 25, 2009
The Bank of England said March 5 it would begin buying bonds as part of a so-called quantitative easing policy designed to lower borrowing costs and revive the economy. It pledged to buy 125 billion pounds of assets, after getting permission from the Treasury to purchase 150 billion pounds. (Bloomberg -- UK)
Don’t just wait for the economic recovery - have a plan to make the most of it Jul 23, 2009
But if recovery is around the corner, some strategies, like buying bonds and waiting for home prices to keep dropping, may not work going forward. Here s how to get ready for the next economic phase. (Boston Globe)
Bond yields up ahead of debt supplies Jul 20, 2009
The central bank has said it will ensure there is ample liquidity in the banking system and will keep buying bonds from the market through its open market operations. Dealers are expecting the central bank to announce a buyback auction this week, in line with its purchases on alternate weeks, which is supporting prices. (India Times)
Ex-Pimco's Palghat to Double Assets in Kapstream Fixed-Interest Hedge Fund Jul 20, 2009
The Absolute Return Income Fund, with about A$400 million in assets now, is 60 percent to 70 percent invested in corporate debt including Pfizer Inc., Philip Morris International Inc. and H&R Block Inc. Palghat said hes adding to the portfolio of Australian bank subordinated debt by buying bonds issued outside the country. Another 20 percent of the fund is invested in cash and liquid assets including bank bills and government-guaranteed notes. (Bloomberg -- Australia & New Zealand)
Not the same old municipal bond market Jul 19, 2009
Often, they re favoring muni bond mutual funds over buying bonds directly. Muni funds - which hold about one-third of all outstanding debt in the muni market - offer diversification across a range of muni investments, so if one defaults, you don t take a big hit. (Boston Globe)
Shun Treasuries for Bunds to Cut Risk, Germany's Biggest Fund Manager Says Jul 11, 2009
DWS, a unit of , has also been buying bonds of so-called peripheral European countries such as Ireland and Greece, betting concern that the recession could break apart the European monetary union was exaggerated. Irelands economy will shrink by about 8 percent this year, according to the government, faster than any other in the euro region. (Bloomberg -- Europe)
Ex-Pastor, Sons Charged With Bilking Church Members Jul 2, 2009
They're charged with committing fraud in connection with a scheme to dupe about 11,000 church members into buying bonds worth $120 million that were supposed to finance church construction projects. Prosecutors say the men pocketed about $6 million, and most of their victims lived in Indiana. (KWTX.com, TX)
Ex-Pastor, Sons Allegedly Stole Millions to Buy Planes, Cars Jul 1, 2009
The men are accused of duping about 11,000 church members into buying bonds worth $120 million by urging them to fulfill their "Christian responsibility" to support church construction projects, according to a probable cause affidavit. The men said the bonds would be handled by their brokerage firm, Alanar Inc.. (Fox News)
The Jackson factor Jun 30, 2009
Much of that rise though is explained by the rise in allocations to government bond holdings - that is, more Americans are buying bonds than ever before, or to put it more precisely, more bonds are being bought in America than ever before. There is the question of declining leverage as banks cut the overall borrowing limits of millions of Americans after house price and equity market declines last year. (Asia Times Online)
The Fed: The Bond Market's New Hedge Fund? Jun 26, 2009
When the Fed said in March that it wanted to keep rates low by buying bonds, many investors took the words at face value. For weeks the Fed purchased bonds every time rates approached 3. (BusinessWeek)
* US lawmakers question Uighur terrorist label Jun 18, 2009
Rohrabacher accused the administration of former US president George W. Bush, a fellow Republican, of attempting to win Chinas favor ahead of the Iraq invasion and to ensure Beijing kept buying bonds to finance the giant US debt. Randy Schriver, a top State Department official on China under Bush and a close associate of Armitage, strongly rejected the accusations. (Taipei Times, Taiwan -- Business)
More optimism from Bank of Japan Jun 16, 2009
The key question is what will happen to the central bank's programme of buying bonds later in the year. In common with many other central banks, the BOJ has been buying corporate bonds as part of a programme of quantitative easing, to get more money flowing through the economy. (BBC News -- Business)
Recall the Stimulus, Let the De-TARPing Begin, and Set the Fed Free Jun 6, 2009
And if the Fed keeps buying bonds issued by Uncle Sam, inflation will ratchet higher. Republicans, are you listening. (Human Events Online)
Interest rates set to remain held Jun 4, 2009
The European Central Bank announced last month that it would also be buying bonds - about 60bn of them - and more details of that programme are expected later. On Tuesday, German Chancellor Angela Merkel made a speech supporting the ECB's more conservative approach, suggesting that other central banks taking a more aggressive approach were storing up problems for the future. (BBC News -- Business)
Yen Weakens After Japanese Investors Increase Purchases of Overseas Assets Jun 4, 2009
The pound fell on concern U.K. policy makers meeting today will say they will keep buying bonds to push down borrowing costs. Japanese investors are beginning to get an appetite for foreign investment, which is weighing on the yen, said , a strategist in Singapore at Barclays Capital, a unit of the U.K.s third-biggest bank. (Bloomberg -- Japan)
If economy is healing, why is the dollar falling? May 28, 2009
A poor economy and high debt weaken a country's currency because investors decide that they're better off buying bonds, stocks and other assets in countries with stronger economies and more stable debt. Stronger countries' assets and, thus, the currencies those countries use to value their assets are more likely to rise in value, and their debt is less likely to default. (MSNBC -- Business)
New York Fails to Reward Taxpayers With Discounts Missed in Debt Financing May 22, 2009
Auction failures accelerated in February 2008 when banks, beset by mounting losses tied to subprime mortgages, stopped buying bonds that went unsold at the auctions they conducted. Dozens of continue failing daily, Bloomberg data show. (Bloomberg)
Japan's Longer-Maturity Bonds Decline for Second Week as Debt Sales Loom May 16, 2009
As supply will increase from July onwards, theres a risk to buying bonds, said , chief strategist in Tokyo at UBS Securities Japan Ltd., a primary dealer required to bid at government debt sales. As stocks are firmer, its difficult for investors to purchase debt, he said. (Bloomberg -- Asia)
UK investors shut out of corporate bond market May 15, 2009
Retail investors in the UK are also put off buying bonds directly because the minimum permitted investment, with some exceptions, is usually 50,000. In Germany, in comparison, the majority of bond issues have a minimum investment of just 1,000. (FT.com -- Markets)
Top 5 Investment Themes for the Coming Economic Recovery May 13, 2009
Last year, you could have made money buying bonds, selling stocks, and buying certain currencies. Here are my current top five investment themes. (Human Events Online)
ECB rate cut May 8, 2009
In the past few months, several central banks have overcome this with actions that have spoken much louder than words particularly those that said they were buying bonds to push down rates or even, in the case of the Swiss National Bank, explicitly trying to push down their own currency. But forced investors to return to the central banking phrasebook. (FT.com -- Markets)
ECB announces combined new measures to fight downturns May 8, 2009
Unlike its counterparts in the U.S., Britain and Japan, the ECB chose not to buy national bonds, because it was banned by EU laws from buying bonds of EU member countries. Moreover, a consensus was hard to be achieved on the purchase proportion of the national bonds among the 16 EU members, the main players of the euro zone. (Xinhuanet, China)
ECB cuts rate, prepares to buy bonds May 8, 2009
The US Federal Reserve, the Bank of England and Bank of Japan have lowered rates close to zero and are already buying bonds, effectively printing money to reflate their economies in a policy known as quantitative easing. The ECB surprised in a good way,'' said Natacha Valla, an economist at Goldman Sachs Group in Paris who used to work at the ECB. While ``they took a little too long'' in announcing it, ''60 billion is not insignificant. (Sydney Morning Herald -- Business)
ECB May Cut Rate to 1% as Split Over Asset Purchases Mutes Crisis Response May 7, 2009
The Bank of England, U.S. Federal Reserve and Bank of Japan are already buying bonds, effectively printing money to reflate their economies in a policy known as quantitative easing. With recent economic reports in Europe suggesting the worst of the recession is over, Trichet may find common ground around the less aggressive approach put forward by Weber. (Bloomberg -- Germany)
Inflation trick or treat May 2, 2009
Opting for effectively zero interest rates, hugely increasing their own balance sheets to provide alternative funding channels, augmented by quantitative easing (buying bonds in the open market), are something out of a hyperinflation primer. As is the behaviour of at least some governments in priming the fiscal pump, with the US budget deficit this year alone coming in at $1. (iAfrica.com)
Japan's Bond Yields Will Rise, Approach 2008 Highs, Calyon, Barclays Say Apr 13, 2009
The yield is now gradually approaching attractive levels where we may be able to start buying bonds. . (Bloomberg -- Japan)
Twenty-Year Bonds Fall as Record Stimulus Plan to Increase Supply of Debt Apr 13, 2009
Investors may start buying bonds now that yields are approaching attractive levels, according to , general manager of financial and investment planning in Tokyo at Fukoku Mutual Life Insurance Co., which manages the equivalent of $54 billion in assets. Many investors feel that 10-year debt with yields near 1. (Bloomberg -- Japan)
Hedge Funds Returned 1.3% in March, Trailing Stock Rally, Eurekahedge Says Apr 9, 2009
The administration of President announced plans to rid banks of toxic assets, while the Federal Reserve joined central banks from the U.K. to Switzerland and Japan in buying bonds to help drive down interest rates and increase the flow of credit. For the quarter, 96 percent of all the reporting funds outperformed the MSCI World Indexs , Eurekahedge said, without giving further details. (Bloomberg -- UK)
Japan plans US$100bstimulus package Apr 7, 2009
Until there is a more clear idea of how the new stimulus package will impact government debt, market players will remain cautious about buying bonds. . (The Star Online, Malaysia -- Business)
Stock questions? Ask Matt Mar 30, 2009
And remember, when buying bonds, it's a good idea to ladder your portfolio. USA TODAY columnist John Waggoner. (USA Today -- Money)
Dollar, Yen Rise as Traders Flee Euro, Pound on Deepening European Slump Mar 28, 2009
The 16-nation currency fell the most against the dollar in almost three months as industrial orders in the region plunged in January, adding to bets the European Central Bank will need to consider buying bonds to promote growth ... Citigroup Inc. said it ended a bet that the euro will strengthen against the dollar as pressure mounted on the ECB to follow the Federal Reserve in buying bonds to lower interest rates, a policy known as quantitative easing. (Bloomberg -- Japan)
Gilt Auction Failure Has Stheeman Blaming Bank of England for Demand Drop Mar 26, 2009
Gilt Failure Has Stheeman Blaming King for Evaporating Demand - Bloomberg. Updated: New York, Mar 26 03:41 London, Mar 26 07:41 Tokyo, Mar 26 16:41. (Bloomberg -- Europe)
Japanese Notes Decline for Third Day as Gilt Sale Failure Reduces Demand Mar 26, 2009
There are supply concerns smothering global bond markets and its offsetting central bank efforts of buying bonds, said , an analyst in Tokyo at Mitsubishi UFJ Securities Co., a unit of Japans largest bank by assets. Last week the Japanese bond market was optimistic about central bank bond purchases, but now the market is returning to the reality of supply. (Bloomberg -- Japan)
Bear bounce instils hope Mar 25, 2009
The manager of BlackRock's Asset Allocation Alpha Fund, David Hudson, has been betting that Australian shares have further to fall and has been instead buying bonds. "The risk is that the economic recovery disappoints in the second half and that equity markets need to revisit their lows in the next few months and maybe go through them," he said. (Sydney Morning Herald -- Business)
Debate on inflation could open an Atlantic rift Mar 24, 2009
The European Central Bank has provided unlimited liquidity for banks to unfreeze credit markets and is weighing following the Fed into unconventional measures like buying bonds to provide an extra monetary stimulus. But Germans are wary because of their traumatic history with hyperinflation in the 1920's, something that contributed to the rise of Hitler. (International Herald Tribune -- Business)
US stock rally fades on Fed moves Mar 20, 2009
By buying bonds, the Fed will push borrowing costs lower for purchases of everything from homes to cars. A day after the announcement, investors are assessing the potential downsides of the Fed's giant cash injection, which could weaken the dollar against other currencies and trigger inflationary pressures in the United States. (India Times)
China rejects Coke bid to buy juice maker Mar 18, 2009
The government and its banks were criticized for buying bonds from Fannie Mae and Freddie Mac before the U.S. mortgage lenders ran into trouble and for taking a pre-IPO stake in investment group Blackstone LP, which later declined in value. Last year, U.S. investment firm Carlyle Group dropped an effort to buy control of Xugong Group, a maker of construction equipment. (International Herald Tribune)
State depends on business Mar 13, 2009
People are not buying bonds because they don't trust the bond-rating agency's integrity. Banks are still having difficulty circulating money amongst themselves because they have doubts about the solvency of their banking partners. (Albany Democrat-Herald, OR)
Yamaguchi Says Cash Shortage May Force Japan to Buy More Corporate Bonds Mar 7, 2009
When asked whether the bank would increase the purchases to fund economic stimulus spending, Yamaguchi said buying bonds for that reason would spur concern that public debt will rise, driving higher and compounding Japans. On whether the policy board would consider cutting the to zero from 0. (Bloomberg -- Japan)
Australia May Buy $64 Billion in State Bonds to Fund Spending, Review Says Mar 2, 2009
March 2 (Bloomberg) -- Australias Treasurer is under pressure to help state governments raise A$100 billion ($64 billion) for infrastructure plans by buying bonds, the said. Queensland Treasurer Andrew Fraser, who has written to Swan on the issue, said the states had been told by the government that it was working to rectify the problem, the newspaper said. (Bloomberg -- Australia & New Zealand)
Bond yields at 1-wk low Feb 27, 2009
Bond dealers on Thursday asked India's central bank to publish a calender of its buyback auctions and step up buying bonds in the secondary market to ensure ample liquidity and check rising yields. Read business stories in. (India Times)
Eased debt markets give banks a slight lift Feb 24, 2009
Also, because there are now fewer players on Wall Street, banks are able to charge higher fees for simple tasks, like buying bonds for hedge fund clients, and for making trades in rates, currencies and commodities, analysts said. While few think this signals a speedy recovery for banks, it is raising some hopes. (International Herald Tribune -- Business)
More money from fees gives banks good start Feb 23, 2009
What is more, because there are now fewer players on Wall Street, banks are able to charge higher fees for simple tasks, like buying bonds for hedge fund clients, and making trades in rates, currencies and commodities, analysts said. While few think this signals a speedy recovery for banks, it is raising some hopes. (International Herald Tribune)
Radical revamp splits RBS in two Feb 22, 2009
The Bank of England will launch its so-called quantitative-easing plan, in which at least 100 billion will be spent on buying bonds and gilts from Britain s banks. The final figure could climb much higher, according to economists. (New York Post -- Business)
Price swings affect bonds Feb 21, 2009
As against this, most public sector banks have been continuously buying bonds from the market. Unlike foreign banks, these PSBs hold on to their bonds and only mark-to-market their book at the end of each quarter. (India Times)
EU considers possibility of a small-country bailout Feb 19, 2009
Under EU rules, economists said, the European Central Bank is prohibited from buying bonds directly from nations to help them out of their difficulties ... "It's forbidden for the ECB to pass on cash to member states or buy their bonds directly from them, but the bank is able to get cash indirectly to them by buying bonds under repurchase agreement in the secondary market," he said. (International Herald Tribune)
Measure C funds may be used to sustain Hwy. 180 project Feb 19, 2009
The other would involve the authority buying bonds from the state, which would use the proceeds for construction, then repay the authority with interest over three years. As of Dec. 31, the authority had almost $150 million in its investment accounts. (Fresno Bee -- Local)
GOT BAD ADVICE? YOU CAN FIGHT IT! Feb 15, 2009
I think interest rates will rise sharply this year, primarily because investors worldwide will get skittish about buying bonds issued in the US. If the natural buyers of corporate and government bonds revolt then interest rates will be forced to rise to attract buyers. When bond yields rise, prices drop. (New York Post -- Business)
Debt Set for Biggest Weekly Gain This Year on Central Bank Liquidity Steps Feb 13, 2009
I recommend buying bonds, especially 10-year debt. . (Bloomberg -- Japan)
Desloge to purchase part of Park Hills water system Feb 11, 2009
Also, beware of buying bonds of any kind, the bond market is slated to fail soon, do some reading folks before investing. mbser posted on Tuesday, February 10th, 2009 at 9:45 amIt's so much nicer to get along. (Park Hills Daily Journal, MO)
