Today’s auction of $35 billion in five-year Treasury notes produced a high yield of 0.76%, about two basis points above the yield at last month’s auction of five-year notes. The ... Read Full Story »
Normally we would not care so much about a 2-year Treasury Note offering. When you consider that the rate is a massively high 0.25% or so (can you smell the ... Read Full Story »
AdvisorShares has announced the launch of the Newfleet Multi-Sector Income ETF (NYSEMKT: MINC). The new fund is an actively managed exchange traded fund (ETF) that is said to be managed ... Read Full Story »
Chesapeake Energy Corporation (NYSE: CHK) is raising more capital, with this latest offering being a debt offering to the tune of about $2.3 billion. The laddered maturity schedule is going ... Read Full Story »
Bond yields have risen over the past month or two, and many investors expected those yields to keep rising. That was before Monday. The latest European debacle in Cyprus wanting to steal ... Read Full Story »
China’s one-time leader in the production of solar panels has officially been notified by its trustee that the company is in default on a $541 million bond payment and that ... Read Full Story »
What we are seeing is in Cyprus an instance when taxation becomes theft. When depositors place money in banks, they assume that their deposits are safe as long as the ... Read Full Story »
As expected, Suntech Power Holdings Co. Ltd. (NYSE: STP) failed to make a required $541 million bond repayment scheduled for last Friday. The company claimed last week to have reached ... Read Full Story »
The U.S. Department of the Treasury auctioned $13 billion in 30-year bonds today at an average yield of 3.248%, the highest yield in a year. Yields on 10-year notes rose ... Read Full Story »
The Dow Jones Industrial Average has now risen for nine consecutive days and is now at a record high close of 14,455.28. We have not confirmed the exact period but ... Read Full Story »
What generally happens after bond yields rise? At least some investors decide to go chase the yield at a new Treasury note auction and that is what we have just ... Read Full Story »
Usually when you see Securities and Exchange Commission charges it is against individuals or firms bilking individuals. That is why today's round of SEC charges looks more than just interesting. ... Read Full Story »
The U.S. Treasury just held an auction for its key 7-year notes on Wednesday and demand was deemed to be short of what bond investors wanted to see. Today's auction ... Read Full Story »
This weekend will bring the election of the next prime minister in Italy. Worrying about what is happening in Italy, Greece, Spain and the rest of the PIIGS feels "so-2012," ... Read Full Story »
Meredith Whitney was applauded for her call about the impending doom of the banking sector ahead of the recession, but she has been criticized ever since her call for billions ... Read Full Story »