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.
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…
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.
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.
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.
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 …
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.
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…
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…
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…
