Guess what’s all the rage? Junk bonds, according to The Wall Street Journal. As prices on U.S. Treasury securities and high-grade corporate debt remain inflated, investors are venturing into riskier waters, buying up riskier bonds with fewer protections — all in the name of higher returns.
The Journal says that last week, junk-bond prices Read More
Colin Barr at Fortune’s Street Sweep (an Observer Wall Street favorite) offers a balanced take on the where U.S. Treasuries might be headed following their meteoric rise in popularity in 2010.
Traders have flooded into the bond market at a rapid clip as concerns that the economy isn’t recovering fast enough — and may Read More
After rising for two days and enjoying a burning-hot August, the bond market is undergoing a pullback today, thanks in part to a better-than-expected manufacturing report from the Institute for Supply Management and rosy numbers out of China’s manufacturing sector. Contrary to Wall Street superstition, the stock market is enjoying Read More
Today’s Financial Times offers an unconventional take on the frenzy for bonds that’s been spurred by economic uncertainty: Wall Street’s “dumb money,” also known as retail investors — people with E*Trade accounts or money in mutual funds — has actually outfoxed the “smart money.” By ignoring analyst reports that had called for healthy growth Read More
As the stock market staged a modest rally today despite scary economic data, investors let a little air out of the high-flying price of long-dated U.S. Treasuries, slowing what had turned into a parabolic rise in government-bond prices.
Adding to the bearish action this afternoon was a report from Morgan Stanley analyst Arnaud Read More
