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 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
Amid chatter among market pundits and reporters about an emerging bubble in the market for U.S. Treasury securities, prices of government bonds are ripping higher today following this morning’s grim report on existing-home sales.
The yield of the two-year note, which correlates inversely with its price, today hit a record Read More
On the night of Monday, June 29, John Zarrella, the Miami correspondent for CNN, got a phone call from a woman named Julie Harder, who is the only female licensed alligator trapper in the state of Florida. Mr. Zarrella was just getting started on a profile of her for the news channel. She Read More
