Bonds

Signs of Recovery Signal Treasury Yield Increase

Posted on 03/15/10 at 3:48pm
According to Bloomberg, the 10-year Treasury notes fell in morning trading on Monday after reports about expansion in manufacturing, a clear signal that the world’s largest economy is showing signs of recovery. However, the two-year notes remained unchanged. Yield on 10-year Treasury note increased 0.02 percentage points to 3.72 percent. The price declined 1.25 percent to 99 6/32.
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PIMCO To Launch Four New ETFs

Posted on 03/12/10 at 5:10pm
Fixed income giant PIMCO has filed plans to launch four new bond ETFs, bolstering the firm's presence in the ETF arena. The PIMCO 0-3 Year Banking Sector Corporate Bond Index Fund will track the BofA Merrill Lynch 0-3 Year US Banking Index and may use swaps, derivatives and futures to accomplish its objectives. That's OK as PIMCO is one of the best at using those financial instruments.
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American International Group, Inc. (AIG) Bondholders Gain $3.2 Billion

Posted on 03/10/10 at 10:38am
Bloomberg reports that bondholders of troubled insurer American International Group, Inc. (NYSE: AIG) gained at least $3.2 billion after the announcement of deals by the insurer to sell its two largest non-U.S. life insurance units for $51 billion.
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Eaton Vance Is Latest Mutual Fund Firm To Give Actively Managed ETFs A Try

Posted on 03/09/10 at 3:20am
Mutual fund issuer and asset manager Eaton Vance (NYSE: EV) has become the latest player from the mutual fund business to signal its intent to become involved with actively managed after filing plans with the SEC to launch five actively managed ETFs focusing on the investment-grade U.S. debt market.
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Hedge Funds Excluded From Greek Bond Offering

Posted on 03/06/10 at 12:34am
According to a report by the Financial Times, hedge funds were excluded from Greece’s bond offering this week. Bankers were specifically asked by Greece to exclude hedge funds, who have been blamed by many in Greece for destabilizing the country’s economy by speculating on its debt. Hedge funds have come under pressure from leaders in euro zone over their role in the crisis faced by Greece.
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Greek Bond Buyers Want More Action from Greece (IVZ)

Posted on 03/05/10 at 6:03pm
Invesco Ltd.(NYSE: IVZ), a global investment management company managing assets worth $423 billion, expected more action from the Greek government to resurrect its finances.
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Strong Demand For Greek 10-Year Bond

Posted on 03/04/10 at 7:21pm
Greece saw strong demand for its 5 billion euro 10-year bonds, issued on Thursday. The bond issue follows on the heels of draconian austerity measures announced by Greece, to deal with its financial crisis. Order books rose to about 14 billion euros, making the offer nearly two times subscribed.
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Georgia Issues Build America Bonds to Fuel its Nuclear Projects

Posted on 03/04/10 at 4:17pm
Georgia’s Municipal Electric Authority yesterday issued bonds worth $1.22 billion, with a coupon of 6.6%, maturing in the year 2057. These bonds are being issued under the Build America Bond program.
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Senator Charles Grassley Questions Goldman Sachs (GS) On Underwriting Fees From Build America Bonds

Posted on 02/25/10 at 5:39pm
According to Bloomberg, Senator Charles Grassley of Iowa has questioned Goldman Sachs (NYSE: GS) about the fees it collected from underwriting Build America Bonds.
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Maryland Set To Issue $600 Million Debt As Build America Auctions Rise

Posted on 02/24/10 at 4:52pm
According to a report by Bloomberg, Maryland, the U.S. state with the highest median household income, will, today, auction debt worth $600 million including its largest competitively bid offering of Build America Bonds.
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