The Fed is uncertain on inflation: Federal Reserve officials signaled concern about stubbornly low inflation even as they indicated that an improving job market is bringing them closer to the first interest-rate increase in almost …
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August 18, 2015
The dong has been devalued: The State Bank of Vietnam weakened its reference rate by 1 percent to 21,890 dong a dollar effective Wednesday, it said in a statement on its website. The authority also …
August 17, 2015
Matt Levine writes a good piece on bond market ethics, whatever those are: And Edward Jones’s behavior seems to have been even worse than that: It didn’t just put the bonds in inventory, wait until …
August 14, 2015
It will be the end of an era in the Treasury market, with the last double digit coupon bond maturing: The last Treasury bond with a coupon above 10 percent is older than some government-debt …
August 13, 2015
Politics in the UK may soon get interesting again: Former U.K. Prime Minister Tony Blair warned that the Labour Party faces “annihilation” if it elects anti-austerity, pro-renationalization lawmaker Jeremy Corbyn as its new leader. The …
August 12, 2015
Today’s parable illustrates the adage that you should never trust a stockbroker: The Securities and Exchange Commission today announced that ITG Inc. and its affiliate AlterNet Securities have agreed to pay $20.3 million to settle …
BBD Preferreds Downgraded to P-5 by S&P
Standard & Poor’s has announced: •Montreal-based Bombardier Inc.’s leverage remains elevated and cash flow usage for the first half of 2015 has exceeded our expectations. •In addition, the company has announced a delay in the …
August 11, 2015
The SEC took down a major trading operation today: While the SEC has uncovered and successfully litigated hacking and trading schemes in the past, today’s international case is unprecedented in terms of the scope of …
August 10, 2015
If you spend a lot of time arguing about Supply Management (I particularly enjoy trolling the comment sections of the Dairy Farmers’ of Ontario ads on Facebook) you will inevitably run up against the argument …
August 7, 2015
Jobs, jobs, jobs! Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, a Labor Department report showed Friday in Washington. The gain in payrolls last month …