Job of The Week: Make The Debt Markets More Transparent
We like to end every week with a special gift for our readers: we’re finding you a new job. So we spent part of the afternoon combing through our Career Center in search of the most interesting jobs....
View ArticleMortgage Spreads Tighten
Spread on mortgage backed securities over Treasuries tightened today, according to John Jansen at Across The Curve. Mortgages are closing about 6 ticks tighter to Treasuries and about 3 basis points...
View ArticleBills Bonds: Great Idea Or Greatest Idea?
“While Bills fans can’t own the team they cheer for, there is nothing preventing fans from lending to their team,” investment banker Steve Brady wrote on his Web site, www.billsbonds.com. “Or, more...
View ArticleICMA Wants to Take the Fun Out of Marketing Debt Offerings
So you might think that buying a Banco Santander covered bond backed by debt of Spanish municipalities – presumably the ones that don’t have any people – would be kind of unattractive to most...
View ArticleSometimes Companies Buy Low And Sell High
I liked that the two top articles in Money & Investing in the Journal today were (1) that European banks are buying bonds, and that’s bad, and (2) that American corporates are selling bonds, and...
View ArticleLet’s Spot A High Yield Bubble!
The Times and the Journal today are pretty excited by the new high yield bubble and I guess? What is the deal with high-yield yields being not as high as high-yield yields have been in the past,...
View ArticleGoogle Bonds Probably Not Going To Replace Treasuries Any Time Soon
There’s something interesting going on in these Wall Street Journal articles (Money & Investing and Deal Journal) today about how corporate bonds now sometimes trade inside of Treasuries. Or...
View ArticleMarkets Ruined By Too Much, Too Little Liquidity
A cool thing about financial markets is that every trade has two sides, so everything that happens, someone can complain about. “Economic growth is too robust!,” someone probably says, when it is. Does...
View ArticleBank of America And MBIA Pretty Much Just Fighting Each Other For Fun Now
There are some financial jobs that come with a perhaps undeserved swashbuckling cachet. “Oh, you know, I do hostile takeovers,” you say, and a certain crowd will treat you like you just got back from...
View ArticleChesapeake Forgot To Call Some Bonds
Chesapeake Energy has had lots of scandals over the last year or so, but now they’re embroiled in a new one that is perhaps their most damaging yet. No, I’m kidding, it’s totally trivial, but in my...
View ArticleApple Sold Some Bonds
Well someone today did an entirely non-imaginary debt offering to fund a stock buyback so bully for them. Should we look at some things Apple’s debt deal is bigger than (most of them!) and other things...
View ArticleIt’s Okay That Chesapeake Forgot To Call Some Bonds
Well this isn’t great: The story behind that – more fully described here – is that Chesapeake issued $1.3 billion of seven-year bonds in February 2012, and those bonds were freely callable from...
View ArticleArgentina Follows The Script Written By U.S. Courts
For the I-can’t-remember-how-manyeth time, a U.S court has ordered Argentina to do something it doesn’t want to do, calling the country a “uniquely recalcitrant debtor” and blasting its “intention to...
View ArticleWall Street Pleasantly Surprised That Bill de Blasio Isn’t Spending NYC’s...
Turns out BdB can balance a checkbook after all...it's a hemp check book, but still.
View ArticlePuerto Rico Came Up Juuust A Little Short on What It Owed For August
More like Puerto "not so" Rico.
View ArticleAlan Greenspan Suggests Bond Investors Take Philosophical Approach To Bubble
Ask yourselves, what even is a bubble, really?
View ArticleJeffrey Gundlach Already Has A President Trump Investment Strategy
Where others see American apocalypse, J-Gunds sees market upside.
View ArticleJeff Gundlach Still Psyched To Invest In President Trump’s Economic Apocalypse
J-Gunds cannot get enough of Trump and his hypothetical free-spending ways.
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