Junk bonds are becoming as attractive as stocks as relative yields on the debt soar to a two-year high and a U.S. recession becomes likelier, according to JPMorgan Chase & Co.
If you need another sign that investors are completely spooked by the stock market, consider this: The Roosevelt Investment Group Inc., a $5 billion asset management and advisory firm known for its hefty stock allocations, is moving into the fixed-income space
The supercommittee charged with putting together a deficit reduction package by Thanksgiving isn't likely to find the seven votes it needs to trim the tax exemption for investing in municipalities.
The Clare at Water Tower missed $229m payment this month
Morgan Keegan & Co. Inc. won a small victory last week when a class action brought by investors in a Tennessee state court was dismissed by a federal judge. But it doesn't look as if the troubled securities firm is any closer to being sold than when its parent company, Regions Financial Corp., put it up for sale three months ago
Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.
The poor outlook for fixed-income returns is pushing some institutional investors to consider more-active approaches to managing their fixed-income portfolios
BlackRock Inc., the world's biggest money manager, has been buying junk bonds since relative yields widened to levels that signal default rates more than three times the current pace and in excess of Wall Street's most bearish outlooks for the economy
A federal funds target at virtually 0% poses an immediate threat to bondholders amid rising inflation and negative real yields, according to Bill Gross, who runs the world's biggest mutual fund at Pacific Investment Management Co. LLC
Hang on for a rough ride as the European sovereign-debt crisis continues
Even a puny rise in interest rates will slam current holders of U.S. debt; inflationary shock 'a high probability'
Industry observers think the Securities and Exchange Commission will have to backtrack on a proposal to increase the number of people regulated as municipal advisers
The worst may be over for municipal-bond funds
Citibank claims the Federal Reserve's reckoning of the muni market doesn't include $700B in bonds bought directly by individual investors. Why is this important? A), it underscores the lack of credible info about tax-exempt debt. And B), as one muni bond manager put it, 'Armageddon is not right around the corner.'
Pioneer muni fund sees increased interest, nice yields as angst subsides
Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.
Agency to begin collecting data on municipal bonds from MSRB; has authority to nix tax break
