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AIM Investments expects to use new cash to maintain its overweight allocations to financials and industrials, said Bob Alley, chief fixed-income officer.
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The primary dealers' net long exposure to mortgage-backed securities has skyrocketed by $33 billion in recent weeks and may be an early indicator a market crisis is looming, according to a recent report from Lehman Brothers.
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Police were looking for a bank robber last Thursday in Queens who was wearing a Yankees hat and coincidentally had on red socks.
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This chart, provided by Citigroup Global Markets, tracks bid-ask prices for par credit facilities that trade in the secondary market. It also tracks facility amounts, ratings, pricing and maturities.
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--Michael Collins, high-yield portfolio manager at Prudential Fixed Income, on the risks posed by leveraged companies that raise additional capital to pay dividends to equity sponsors.
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Fixed-income professionals are questioning whether triple-A pharmaceutical companies may shift business models to benefit shareholders to compensate for sparse equity returns.
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Expectations of weak inflation numbers from this week's Consumer Price Index (CPI) may feed into the growing sentiment that the Federal Reserve will pause sooner rather than later, according to Mike Englund, chief economist at Action Economics, a bond and currency market consulting firm.
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Bank of America is planning to start trading equity derivatives from its London office early next year.
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Kate Spilman, an oil derivatives marketer at Bank of America in New York, has joined ABN AMRO's nascent U.S. energy trading operation in a similar position.
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BNP Paribas is finalizing a yen-denominated global synthetic collateralized debt obligation for Japanese clients.
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The price of protection on French supermarket group Carrefour jumped last week, on a combination of a poor third-quarter and concern a law protecting supermarkets' profit margins could soon be changed.