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Author Archives: David
Fed’s Plan to Taper Stimulus Effort Is Not Expected Until Next Year
By BINYAMIN APPELBAUM Published: December 8, 2013 WASHINGTON — Federal Reserve officials are in no hurry to retreat from their bond-buying campaign to stimulate the economy and are likely to postpone any cuts to the program until next year, according … Read more
Rate revolution forces advisers to be bond kings
After Gross and Gundlach, the deluge: It’s no longer a set-it-and-forget-it core world By Jason Kephart Nov 7, 2013 Financial advisers got their first real taste of a rising interest rate environment in the second quarter and it’s led to … Read more
Deal lifts markets but does little for US economy
By CHRISTOPHER S. RUGABER of AP WASHINGTON (AP) – The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. Yet the temporary nature of the deal means … Read more
Debt-Ceiling Alarm Freezes Market With Least Supply: Muni Credit
By Brian Chappatta & Priya Anand Oct 9, 2013 Municipalities are borrowing at the slowest pace in more than two years, showing how the partial federal shutdown and prospect of a U.S. default are dissuading localities from taking on financing … Read more
Fed now unlikely to slow bond buying before 2014
By MARTIN CRUTSINGER of AP WASHINGTON (AP) – The Federal Reserve’s decision last month to maintain the size of its economic stimulus was a shocker. Just about everyone expected a pullback in its bond purchases, which have helped keep loan … Read more
Gross Says Buy Short-Term Debt Investments Aided by Fed Guidance
By Liz Capo McCormick – September 5, 2013 Pacific Investment Management Co.’s Bill Gross, manager of the world’s biggest bond fund, said investors should buy short-term Treasuries and credit securities that will be bolstered by the Federal Reserve’s intent to … Read more
Michigan school districts to test municipal bond market
August 12 (Reuters) – After three Michigan municipal bond sales were postponed in the wake of Detroit’s bankruptcy filing, two of the state’s school districts are testing the market with sales expected in the next two weeks. The Michigan Finance … Read more
U.S. muni bond insurers grow in number, but business still shrinks
Thomson Reuters July 12, 2013 WASHINGTON, July 12 (Reuters) – The amount of insured municipal bonds continued to drop in the first half of 2013 even as the field of insurers expanded, according to Thomson Reuters data released on Friday. … Read more
Fed officials intensify effort to curb surge in rates after Bernanke comment
Caught off guard, central bankers seeking to alter investors’ view of timing of the end of QE Jul 1, 2013 Federal Reserve officials intensified efforts to curb a growth-threatening rise in long-term interest rates, seeking to clarify comments by Chairman … Read more
SEC unveils proposals to reform money-market funds
June 5, 2013 By Ronald D. Orol WASHINGTON (MarketWatch) — In a long-awaited action, the Securities and Exchange Commission on Wednesday proposed two reform alternatives for the money-market fund industry, including one that would limit redemptions. The first approach would … Read more