and thus forge bonds of unity, common projects, and shared dreams. Amen.” An Ecumenical Christian Prayer: “O God, Trinity of love, from the profound communion of your divine life, pour out upon us a torrent of fraternal love. Grant us the love reflected in the actions of Jesus, in ...
Wall St edges higher, US bonds rallyElise Shaw
But Brad identifies an important twist on that story: Third, the rise in central bank reserves isn’t translating into a rise in demand for longer-term US bonds. Central banks are just buying short-term bills. That presumably is one of the reasons why long-term rates are rising now – w...
(to Alex) 4. Bud's eyes on the framed "tombstones" from the Wall Street Journal commemorating Gekko's successful deals; they hang like scalps from the walls. Gekko's eyes drifting to Bud, a friendly easy smile for a flick of an instant, he has genuine charm in his manner and though ...
The World Food Programme proposed to issue “catastrophe bonds” linked to low rainfall. The WFP would pay principal and interest when rainfall was sufficient; if there was no rainfall, the WFP would cease making payments on the bonds and would instead fund relief efforts. (Satyajit Das, Trader...
How This Year’s Hottest Investment Could End Up Costing You; Money-market funds are seeing record interest, but advisers say cash is no substitute for stocks and bonds Eric Wallerstein – The Wall Street Journal Cash has rarely been this hot on Wall Street. Financial advisers warn holding too...
Swiss financial regulator Finma has defended its decision to wipe out a huge swath of risky subordinated bonds as part of the Credit Suisse rescue deal. The move taken on Sunday, which rendered SFr16bn ($17bn) of investments worthless, has become one of the most controversial elements of the...
bond interest rates have been rising vigorously, rather than sinking as they used to during former QE…. [Thus,] those interest rates will keep rising because the Fed clearly is not soaking up bonds fast enough to keep interest down even with the present strong QE support…. The bond vig...
Former New York Fed President Bill Dudley said late Thursday there was a strong case for a 50-bps interest rate cut. Reports in the Wall Street Journal and other media early Thursday said the Fed faced a difficult decision on how much to ease on Sept. 18. ...
Well, it may (or may not) be the case that bonds are trading rich, but regardless, the valuation gap (insofar as it exists) remained wide open yesterday. Had Macro Man not unsuccessfully tried to call the top in equities more than once throughout the year, he’d be tempted to label ...