Tag:
Treasuries
Latest Headlines
Latest Headlines
Goldman Sachs loss ignites shares rally
Goldman Sachs posted only its second loss as a public company, and its shares promptly rallied--and significantly. So what's going on?
According to Bloomberg , the market was apparently heartened by news that Goldman Sachs revenue from trading stocks and bonds rallied 16 percent sequentiall
PIMCO's Bill Gross reverses bet on Treasury bonds
PIMCO's Bill Gross generated headlines--he always generates headlines--for his well-publicized bet that long-term Treasury would rise earlier this year.
The big bet spooked some of his peers into following suit, which turned out to be a bad move, as Treasuries soared, shaking out a lot of the
Muni bond market on the mend
We've read a lot about the dire state of local finances, and Meredith Whitney's prediction of doom-and-gloom in the muni bond market generated lots of media around December.
But can it be that the market is actually on the mend?
Whitney's controversial research predicted a wave of defaults
Backlash against S&P continues
We've noted before that the ultimate irony in the controversy over Standard & Poor's decision to downgrade Treasury debt to AA+ from AAA was that the Treasury market soared. Yields tanked. Heck, people are all of sudden talking about refinancing again.
In article headlined, "Investors Down
Details of Goldman Sachs' Q2 trading losses
In the obligatory quarterly update of trading gains and losses that are released via filings following earnings releases, Goldman Sachs is accustomed to faring well against its peers. But not so the in the second quarter. The bank lost money trading on 15 days in the quarter. That compares with ei
S&P to face withering backlash, investigations likely?
"Pardon me for asking, but who gave Standard & Poor's the authority to tell America how much debt it has to shed, and how?"
Robert Reich poses a good question, noting that the downgrade of U.S. Treasuries came at a very bad time. My sense is that all the headlines and controversy may come
Moody's vs. Standard & Poor's
So who should we believe: Standard & Poor's, which has taken the unprecedented step of lowering the credit rating of long-term Treasuries to AA+, or Moody's, which is sticking with its AAA rating for now, as is Fitch?
S&P has gotten nearly all the publicity, much of it critical of its
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
Morgan Stanley inflation trade blows up
Morgan Stanley ( NYSE:MS ) set some ambitious targets for its fixed income group, which sorely lags Goldman Sachs.
CEO James Gorman has made it a top priority to boost market share 2 percent this year. To that end he hired some up-and-comers, including Glenn Hadden, who boarded from Goldman
Goldman Sachs: Too big to prosecute
The idea that Goldman Sachs is not only too big to fail but also too big to criminally prosecute has gained traction lately. Some believe that the bank's stature makes a criminal prosecution too-risky an endeavor for the government, given its stature as a powerful Treasuries dealer. A criminal pro
