Archive for the ‘bonds’ Category
Tuesday, March 11th, 2008
Why I continue to be bearish on the U.S. market for the long term (from Bloomberg):
Moody's, S&P Defer Cuts on AAA Subprime, Hiding Loss
Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the ...
Posted in Moodys, bond market, bonds | No Comments »
Tuesday, March 4th, 2008
As the big financial institutions in the U.S. continue to jealously guard what cash they have on hand, we see another shoe drop from the subprime fiasco as another niche credit market locks up (from Bloomberg):
Auction-Rate Bond Failures Approach 70%, Show No Sign of Easing By Michael McDonald ...
Posted in bankruptcy, bond market, bonds, municipalities, states, subprime | No Comments »
Monday, March 3rd, 2008
Fear continues to spread beyond just the subprime issues (from Bloomberg):
Auction Supply `Tsunami' Portends Municipal Losses U.S. states and local governments may extend the worst slump in municipal bonds on record as they replace as much as $166 billion of auction-rate securities. California, Boston's biggest hospital and Duke Energy ...
Posted in bankruptcy, bond market, bonds, municipalities, states, subprime | No Comments »