Civil War is breaking out on the board of directors of Bank of America over the selection of a successor to CEO Ken Lewis, people close to the company say.
Most U.S. Treasurys prices rose Friday after the government said the U.S. unemployment rate jumped in October, but the prospect of new supply next week limited gains.
Big gains in U.S. workers' productivity in the third quarter supported short-dated U.S. government securities prices Thursday, while upcoming supply weighed on long-dated debt.
Wednesday, 4 Nov 2009 | Posted By:
Charlie Gasparino | Source: CNBC.com
Tom Maheras, Citigroup's former president and the man at the heart of the firm's push into what eventually became tens of billions of dollars in toxic debt, is running a hedge fund that is up 84 percent so far this year thanks at least in part to some unusual investing.
Wednesday, 4 Nov 2009 | Posted By:
Charlie Gasparino | Source: CNBC.com
A trader blamed with crippling Citigroup is making a comeback by starting a hedge fund that has already attracted decent interest, people familiar with the situation told CNBC.
U.S. government securities prices slipped as traders prepared themselves for next week's Treasury refunding and for the Federal Reserve's statement on monetary policy later on Wednesday.
U.S. government securities prices slid Tuesday as traders prepared themselves for Wednesday's Treasury refunding announcement and a statement from the Federal Reserve on monetary policy.
U.S. Treasurys pared much of their early losses Monday after fears about bank profits offset stronger-than-expected data on manufacturing, construction and home sales.
U.S. Treasurys debt prices rose Friday after a batch of mixed signals fanned skepticism about the strength of an economic recovery, rekindling a safety bid for bonds.
A $31 billion auction of 7-year government debt fetched a yield of 3.14 percent, a bit higher than expectations on the "when issued" market of 3.11 percent, indicative that prices were lowered and yields raised.
For some investors "there still is a case of once bitten, twice shy,” says one money manager. If that describes you, here's some things to consider in weighing your fixed income and equities options.
Wednesday, 28 Oct 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
If 2008-2009 was the winter of our discontent, will 2009-2010 be a winter wonderland for investors? Given events of the past two years, we all have cause for being skeptical about the investment horizon, especially after a massive, six-month rally in equities and lingering concerns about corporate profits and the economy.
Investors accustomed to seeing strong stock market gains at the end of the year, may be wondering what is in store this year after the multi-month rally, but suppose we are in for a double dip recession or an anemic recovery?. What should you do with your money if the Dowdrops like the temperature this winter?
U.S. Treasury debt prices rose Wednesday after news of a surprise drop in new home sales raised worries over the economic recovery and cooled speculation the Federal Reserve would move away from its easy monetary policy soon.
U.S. Treasury debt prices rose Tuesday on bargain-hunting in advance of an auction of two-year notes, part of this week's record $123 billion supply of government bonds.