Little payback for keeping Uncle Sam in cash; specter of inflation an added bonus
UBS Financial Services Inc. has agreed to pay $10.75 million in fines and restitution to settle Finra allegations that its advisers misled clients about the “principal protection” feature of a Lehman Brothers Holdings Inc. bond product sold a few months before that firm filed for bankruptcy.
'Black Swan' author says steer clear of Treasuries, U.S. greenback; 'Euro has Germany, the dollar has nothing'
Citigroup Inc., the third-biggest U.S. bank, was ordered to pay more than $51 million to a group of investors in its MAT and ASTA municipal-bond hedge funds, which regulators began examining more than two years ago.
Dan Fuss, manager of the $19.4 billion Loomis Sayles Bond Fund, currently has just 2.51% of his portfolio in U.S. Treasuries, and his allocations to government debt aren't likely to change anytime soon.
Institutional investors increasingly are thinking outside the U.S. Barclays Capital Aggregate box for their fixed-income allocations, but market veterans say that it will be a long time before there are more-global mandates
If municipal bond investors can stomach continued negative headlines — and some defaults over the next few months — they will find some compelling investment opportunities, BlackRock Inc. executives said last Thursday at a press gathering
Pimco's Total Return Fund moves to a negative holding in government debt; largest allocation in cash
Southwest Securities Inc. will pay $500,000 to resolve Financial Industry Regulatory Authority Inc. claims that the firm violated Municipal Securities Rulemaking Board rules by using paid consultants to solicit business
Pacific Investment Management Co. hasn't seen redemptions from Asia investors following last week's earthquake in Japan, Chief Executive Officer Mohamed El-Erian said.
Southwest Securities Inc., the Dallas-based brokerage fined this month over payments to municipal-bond advisers, will pay $650,000 to resolve claims over improper short sales that caused a $6.3 million loss for the firm.
Financial advisers have had their fill of bonds but have a hunger for stocks, according to the results of a January survey released by The Charles Schwab Corp. last Monday
Financial advisers seem to have implemented Bill Gross' strategy before Bill Gross
Firm has cut funds' average bond maturities from 19 years to nine
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., reduced its holdings of government related debt to the lowest level since January 2009 while saying low yields cheat investors.
Total Return Fund said to hold no government paper as of the end of February
Researchers find that issuers shell out $30B in unnecessary costs; pooling suggested
Uncle Sam's most recent offering of medium-term notes draws surprising interest; 4% yield seen as possible
Land of Lincoln prepping new debt issue; yields still lower than government paper from Portugal, though
Bond investors should not expect returns for the next 11 years to be as good as those of the previous 11, and severe drawdowns are possible when inflation is rising, according to the annual Credit Suisse Global Investment Returns Yearbook 2010
