Seven firms hawking high-yield-debt funds that have at least 33% of assets in unrated paper; massive redemptions could get sticky
Wall Street giants Morgan Stanley and Goldman Sachs dropped their bets against Treasuries. But bond king Bill Gross is sticking to his guns.
With the expiration of the second round of quantitative easing scheduled for next month, investors shouldn't assume that the fixed-income markets will respond as they did at the expiration of the first round
Still, June expiration has many worried; institutions to the rescue?
Bill Gross, manager of the world's biggest bond fund at Pacific Investment Management Co., said the larger-than-forecast gain in employment suggests the Federal Reserve's policy of quantitative easing is working.
Grail Advisors LLC is partnering with DoubleLine Capital LP to launch an actively managed emerging-markets fixed-income ETF in what will be the first such fund of its kind to hit the market.
Six-month bill rates declined to a record low as the Treasury reduces sales of short-term securities while the Obama administration and Congress wrangle over budget cuts and raising the U.S. debt limit.
Emerging-markets central banks risk triggering a “1994-style” sell-off in global bonds as soon as next year if they are still tightening monetary policy when the Federal Reserve begins raising interest rates
Alternative version of Pimco flagship fund will forgo options, leverage; tinkering with success?
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.
