With growing concerns about an increase in defaults among state and city governments, money managers are ratcheting up their efforts to reduce the levels of risk in their municipal bond portfolios.
Standish Mellon Asset Management has spent the past several months unwinding the credit risk of its municipal bond funds, but isn't scared of massive defaults coming down the pike.
U.S. municipal bond yields rose to a four-week high as investors refrained from buying in hopes of better returns.
Warren Buffett, whose Berkshire Hathaway Inc. has been trimming its investment in municipal debt, predicted a “terrible problem” for the bonds in coming years
OppenheimerFunds Inc. is moving away from traditional print ads and brochures to focus on new digital marketing strategies aimed at financial advisers.
Pacific Investment Management Co. LLC, the Allianz SE fund unit overseen by Mohamed El-Erian and Bill Gross, took in more money than any other asset management firm during the third quarter, with more than $56 billion in deposits.
FBR Capital Markets downgraded The Charles Schwab Corp. last week on concerns that the company could face more litigation from investors.
The flood of assets into U.S. Treasuries and bond funds over the past few years is not symptomatic of a bond bubble, but of a risk-averse investor universe,
Solid results from the fixed income markets in 3Q mask the fact that it was yet another roller coaster quarter within another volatile year
This week may be the most important of the year for the markets
From Treasuries to bunds, and corporate bonds to mortgage securities, the world's fixed-income market is poised for its best year since 2002 as slow growth, tame inflation and record low interest rates create an almost perfect environment for debt investors.
Republican control of House would curb Democrats' spending initiatives; economy might suffer, however
To David MacEwen, the talk about the bond bubble is a lot of baloney
Pacific Investment Management Co.'s Mohamed A. El-Erian said business is booming at the world's largest manager of bond funds and that isn't a good sign for the U.S. economy.
Global markets are heading for an “important turning point” as interest rates begin to rise within about three months and the U.S. dollar gains, according to investor Marc Faber.
Debt aimed at retail investors matures in 2060
B-Ds' account statements come under scrutiny; further guidance from regulator possible
Although the run-up in emerging-markets debt may seem a little long in the tooth, a good case can still be made for purchasing these bonds.
The Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time in the history of U.S. debt.
The cost of protecting U.S. corporate bonds from default has fallen below yield premiums by the most since January as concern ebbs that the world's largest economy will lapse back into recession, giving Pacific Investment Management Co. more reason to snap up bank debt.
