Deficit swells to $16B; governor targets the wealthy with hiked tax
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the lower quality of sovereign debt represents a threat to the global monetary system.
The worst of the European financial crisis could soon be over, said Art Steinmetz, cio at OppenheimerFunds Inc. But that could mean that things will have to get worse before they can get better.
In bonds, staying cool by acknowledging that boring is better
Returns on Colorado bonds up 5.1% in 2012; economic turnaround the key
Despite dire predictions, it was a very good year for municipal bonds last year. Many analysts are predicting more of the same. One possible hitch: bankruptcy negotiations currently being conducted by several cities could encourage scores of other towns to turn on their bondholders.
Ed Cowart, portfolio co-manager of equity income and value strategies at Eagle Asset Management, the $19.5-billion asset management unit of Raymond James, offers up his thoughts on a few market sectors that are catching his eye.
