Tag:
Agency Bonds
Latest Headlines
Latest Headlines
Treasuries and government bonds: An era-defining trade?
Is this one of those era-defining trades? A chance to become the next John Paulson ?
As some form of a default on Treasury bonds looms a bit more likely with every passing day, the push to find ways to capitalize on such an unprecedented event steps up. The longer we go without a de
Big Fannie Mae, Freddie Mac debate: Privatize or nationalize
The debate over how to do handle the two biggest government sponsored enterprises (GSEs)--Fannie Mae and Freddie Mac--has heated up, stoked in part by the mortgage summit of August 17. The debate has been interesting in part because of the extreme solutions that have been offered.
At one e
Wide spreads and Goldman Sachs
Is the lack of competition when it comes to trading on behalf of clients a problem? In years past, the widening spreads on stocks and other securities were a huge problem that prompted some severe regulatory action against what some saw as collusion. But it's not collusion this time around, its a
Bill Gross to save the economy?
One of the biggest winners in the credit mess has been Bill Gross, the co-chief investment officer at PIMCO. He famously went long on agency bonds and scored a $1.7 billion gain on the day the two GSEs were bailed out. But he has even bigger ambitions now. He wants to manage the $700 billion g
PIMCO on a roll
It's been a good year for Pimco. On a relative basis, one could say it's been a great year for the fund giant. The Financial Times notes PIMCO is the only firm among the 25 largest fund groups that has posted a gain in stock and bond assets this year. That says a lot about the environment righ
Plan unveiled to shore up Fannie, Freddie
Wow! To think that just a month or so ago, people were saying that the worst of the credit crunch had passed. That line of thinking clearly was way too premature. Not only did the Bush Administration has ask Congress this past weekend to approve a plan that would provide a credit line of some $300
Inside the Carlyle fund meltdown
The Carlyle Group's Amsterdam-listed fund has been reeling, as we all know. This week, it said about $400 million worth of securities (mainly agency bonds) either has been or will be called. The news continues to trouble, and some have suggested that the crisis now has widened to include agen
Irony: Risk aversion making things worse
The abuse of risk strikes many as a leading cause of the credit meltdown. But now, as the New York Times notes, the discomfort with risk and the need for "absolute safety" may be prolonging the crisis, making a recovery that much harder. You gotta love the irony. The Times points to wideni
