Tag Archive
Bonds Still Have Legs – US-FOREX.US
All types of bonds have soared this year, from the debt of speculative-grade companies to the bonds cities and states sell to pay for schools. You might think that, the 38% return so far this year for junk bonds would mark the end of a run. But to Robert Tipp, chief investment strategist for Prudential… »
Crazy For Junk – US-FOREX.US
Here’s more evidence of risk-taking’s rebirth: Sales of the riskiest, speculative debt has already surpassed last year’s total. Corporations have sold 88 billion in junk bonds worldwide, up from 49.5 billion in 2008, according to data provider Dealogic. The 4.2 billion bond sale by Canadian miner Teck Resources Limited in May is the year’s largest.Telecommunication… »
UBS Needs Talent – US-FOREX.US
When it came to explaining UBS’ woeful performance in the second quarter during a conference call last week, Chief Executive Oswald Gruebel was very blunt about what had gone wrong at his fixed-income division. “I would say the three issues are people, people and people,” he told the analyst who had asked him what the… »