Money Markets

MFs keep off T-bills, turn to CPs

Fixed income fund managers are increasingly shunning treasury bills (T-bills), in favour of longer-duration money market interments like commercial papers (CPs) and bank certificates of deposit (CDs), in the hope of capturing...

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Bubble Risk Rises with Low Rates

Trader Mark submits: One of the most powerful men in the United States , Bill Gross, has put out his monthly letter and its a doozy. Nothing new to FMMF readers, but when the most respected of investment managers starts waving...

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Bill Gross: Anything But 0.01%

In PIMCO Managing Director Bill Gross's monthly market commentary for November 2009, the Bond King explains how the Fed's rate policies provide so little return that they are practically forcing investors into risk: During the...

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Wells Fargo To Buy Back $1.4 Billion In Securities To Settle State Fraud Lawsuit

Wells Fargo & Co. has agreed to buy back $1.4 billion in securities it sold to thousands of customers, including charities and small businesses, as part of a settlement in a state fraud lawsuit over its role in an investment...

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Canada C$3 bln bond due 2015 yields 2.732 pct

For Reuters bond and money market pricing information double click on one of the following: Canadian bond prices Canadian money market prices Canada-U.S. spreads (live) World yield index 30 year benchmark - Montreal Exchange...

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The Perils of Chasing High Yields

Dow Jones Reprints: This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, use the Order Reprints tool at the bottom of any article...

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Zimbabwe: GMB Raises U.S.$1,6 Million Through Agro Bills

Harare — THE Grain Marketing Board has raised US$1,6 million through grain bills issued last week to finance grain purchases. Results of the first issue of the grain bills on Friday indicated that the bills were...

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What Really Happened with the AIG Swaps? It's Not What You Think

By now most people who follow Goldman Sachs in the news know that it received $13 billion from the Federal Reserve to liquidate its portfolio of derivatives with AIG. Because the Fed was willing to pay Goldman par value on...

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Indirection

Global long ends show no signs of setting the world alight midweek with note futures down only slightly in the U.K. and U.S., while German bunds and Aussie government notes are up by about as much. All around there is little...

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UPDATE 1-Riksbank seen raising rates faster than fcast-survey

STOCKHOLM, Nov 18 (Reuters) - Sweden's central bank is seen raising interest rates earlier and at a faster pace than set out in the Riksbank's own rate path forecast, a survey of expectations in the money market showed on...

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