Bonds Archive
Long Term Interest Rates Are Rising
While everybody has been focused on the stock market holding the lows from Jan 22-23, less noticed has been the fact that long term treasuries are holding their highs from the same period (30 Year ...
Posted by Greg Feirman · No Comments »
Thoughts And Links
As we work through a pretty slow day as investors try to get their bearings after yesterdays huge selloff, here are some things I'm looking at and thinking about:
A lot of stocks are cheap. We ...
Posted by Greg Feirman · No Comments »
CDSs: What Everybody Will Be Talking About In 2008
December 31, 2007 · Category: The Investment Advice Business, Bonds
"... defaults of a different kind could be the big issue of 2008. If you want to mug up on jargon for the year ahead, then the business of insuring against bond defaults known as ...
Posted by Greg Feirman · No Comments »
California In The Red Again
December 28, 2007 · Category: Bonds, California
Two weeks ago, California Governor Arnold Schwarzenegger said that in January he would declare a "fiscal emergency" in the face of an anticipated $14 billion budget defecit for the 2008-09 fiscal year (July 1, 2008-June ...
Posted by Greg Feirman · No Comments »
Morgan Stanley Takes Huge Writedown, S&P Takes Ratings Action On 6 Bond Insurers
Before the open this morning, Morgan Stanley (MS) announced fiscal year 4th quarter earnings, which included a $9.4 billion writedown related to mortgage backed securities.
This resulted in a loss of $3.6 billion in the quarter ...
Posted by Greg Feirman · No Comments »
The Best Concise Explanation For What’s Going On In Markets Now - Risk Is Being Repriced (And What That Actually Means)
July 31, 2007 · Category: Bonds, Market Commentary
This weekend, in his "Current Yield" column for Barron's, Randall Forsyth wrote the best concise explanation I've read for what is going on in markets now in an article entitled "Giving Credit Its Due, Finally" (subscription ...
Posted by Greg Feirman · No Comments »
The Credit Crunch Is Here: I-Banks Fail To Sell Bonds and Loans To Finance Chrysler and Alliance Boots LBOs
All you really need to read to understand today's market crash is an article on the front page of The Wall Street Journal titled: "Banks Delay Sale of Chrysler Debt As Market Stalls" (subscription required). ...
Posted by Greg Feirman · No Comments »
Bear Stearns Says Its Hedge Funds Essentially Worthless
It seems like the biggest story of the last 4 weeks, the problems at two Bear Stearns hedge funds involved in subprime mortgage backed securities, is coming to an end. In a letter to clients ...
Posted by Greg Feirman · No Comments »
S&P Threatens To Downgrade $12 Billion in Subprime Mortgage Backed Securities
"The fallout of the subprime meltdown on financial services companies that hold some of the debt creates some risk to earnings. The financials make up over 25% of earnings for the S&P 500, so a ...
Posted by Greg Feirman · No Comments »
When The Ratings Agencies Lower Their Ratings on Subprime Mortgaged Backed Securities, The Stock Market Will Crash
"We're talking about massive, massive downgrades here."
- Rod Dubitsky, Asset Backed Real Estate Debt Analyst, Credit Suisse, ranked #2 last year by Insitutional Investor magazine in his category
"A lot of these should be downgraded sooner rather ...
Posted by Greg Feirman · No Comments »
