Today (Tuesday), a federal judge ruled that Detroit is eligible for protection under Chapter 9 of the U.S. Bankruptcy Code, making the Detroit bankruptcy official. This is the biggest municipal bankruptcy in U.S. history.
Tag Archive for Bond Market
Money Morning, Must Read
Muni Bonds: Beware This Major Flaw in Moody’s Rating System – Money Morning
by Tara Clarke • • 0 Comments
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The fallout from Detroit’s bankruptcy filing has investors – and even ratings agencies – questioning the validity of the bond rating system. Now investors need to know if it can be fixed in a way that actually helps…
Money Morning, Must Read
This Could Shake Muni Bonds to the Core – Shah Gilani – Money Morning
by Shah Gilani • • 0 Comments
Detroit is more than a sideshow. What’s at stake here is bigger than most investors realize. It could take a Supreme Court decision to determine the viability of many municipal bonds.
Money Morning, Must Read
After 32 Years this Bull is Officially Dead- Martin Hutchinson – Money Morning
by Martin Hutchinson • • 0 Comments
I’m announcing that the 32-year bull market in bonds is officially dead. Be prepared for the consequences from rising interest rates in 2014. They could be catastrophic for bond market investors.
Money Morning, Must Read
Wading Through the Bond Market Bloodbath – Money Morning
by Guest Admin • • 0 Comments
If you’re an investor who has been following a traditional income-style portfolio allocation that includes a lot of U.S. Treasury bonds, then you are likely having a very uncomfortable summer.
Indeed, since the Federal Reserve’s “taper” narrative was first introduced to Wall Street by Chairman Ben Bernanke on May 22, there’s been a virtual bloodbath in the bond market.
Money Morning, Must Read
Money Morning Exclusive: Meredith Whitney on Muni Bonds and Red State-Blue State Migration
by Frank Marchant • • 0 Comments
In 2010 Meredith Whitney made an earth shattering statement during a CBS’s “60 Minutes” interview that rocked the municipal bond investment world.
“There is not a doubt in my mind that you will see a spate of municipal-bond defaults,”said Meredith …
Money Morning, Must Read
The Painful Price of Subsidized Money – Martin Hutchinson – Money Morning
by Martin Hutchinson • • 0 Comments
Bonds are integral to the entire financial system and the economy as a whole. At some point sooner rather than later, bond yields will start rapidly increasing – and the bond market will become a Death Star, devastating the global economy.
Money Morning, Must Read
Should You Be Worried About a Bond Market Crash? – Money Morning
by David Zeiler •
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Talk of a bond market crash has been building for months, and not just among obscure financial bloggers. Articles sounding the alarm about a bond market crash have appeared time and again in many mainstream publications. Recent headlines…
Latest Business Headlines
Italy sells 3-yr bond below market yield – Reuters
by Newswires • • 0 Comments
BloombergItaly sells 3-yr bond below market yieldReuters| MILAN May 14 (Reuters) – Italian borrowing costs remained under pressure on Monday at the first bond auction by a peripheral euro zone issuer after a Greek vote brought into question the country…
Lee's Free Thinking, Liquidity Trader, Professional Edition
Liquidity Tide Continues To Rise As Fed Falls Behind The Inflation Curve
by Lee Adler • • 0 Comments
This is an extended free excerpt from the Professional Edition Fed Report. The composite liquidity indicator rose slightly last week, on a mixed performance of its components. The uptrend in the indicator has continued at a steady pace since it broke out in March. Over the course of this latest surge, most of the cash…
