<i>The webcast “Forecast 2011,” was held Dec. 7 in New York. The transcript was edited to acknowledge passage of the Obama-GOP tax compromise. It was moderated by deputy editor Evan Cooper and senior editor Jeff Benjamin. </i>
The Charles Schwab Corp. has been hit with another lawsuit claiming that its Total Bond Market Fund, which was represented as tracking the Lehman Brothers U.S. Aggregate Bond Index, loaded up with mortgage-backed securities prior to the financial crisis.
Asset manager sues its ex-investment chief again, this time for allegedly misappropriating trade secrets
In a sign that local economies might not be in such bad shape, the Pimco boss plunks $4.4 million of his own money into muni bond funds.
Worst performance in nearly 25 years, as prices plunge; the good news: yields are soaring
Investment guru says long bonds from Uncle Sam the kiss of death
The recent wave of panic sweeping across the municipal bond market is creating buying opportunities for professional money managers, according to Josh Gonze, manager of the $4 billion Thornburg Limited Term Municipal Bond Fund Ticker:(LTMIX).
The financial formula in Illinois: Take in $2, spend $3, borrow the difference at exorbitant rates. No wonder Pimco's Bill Gross and other muni bond experts say the state is facing the 'fiscal abyss.'
Withdrawals at fever pitch, highest in two years
Prices dropping amid year-end blitz of offerings; buying individual bonds — not bond funds — the wisest course, say money managers
Yields hit four-month high in face of rising unemployment, dour forecasts; shrinking supply seen in 2011
Issue of 30-year notes a big hit; hiked reward for standing out on the yield curve
Bond king believes predictions of wave of local bankruptcies greatly exaggerated
As lawmakers prepare to shelve the Build America Bonds program, investors should strongly consider purchasing the government paper, according to Peter Coffin, president of Breckinridge Capital Advisors Inc. But he also warns that the program's end will trigger uncertainty — and some near-term volatility — in the municipal bond market.
States not likely to miss payments, but local governments could be risky bets
Analyst reportedly has rated 15 largest states according to financial conditions; only two get passing grades
