Municipal Bonds
Lockyer Sells 25% More California `Sound Investment' Bonds Than Predicted California Treasurer Bill Lockyer
boosted his sale of bonds by 25 percent, joining borrowers who
pushed tax-exempt municipal issues higher by the most in two
months as they moved to take advantage of demand from investors.
Treasuries Head for Second Weekly Drop Before Consumer Confidence Report Treasuries headed for a second
weekly loss before an industry report that analysts said will
show U.S. consumer confidence rose as the economy improved,
damping demand for the safety of fixed-income assets.
New York Draws Level With London as Global Financial Center, Report Says London and New York hold equal
first place in a ranking of global financial centers after the
British capital lost its primary ranking because of concern over
higher taxes and tighter regulations, according to a report.
Junk Bonds Beat Investment Grade as TXU, Freescale Soar: Credit Markets High-yield, high-risk bonds are
beating investment-grade debt for the first time this year as
confidence in the U.S. economic recovery gains strength.
Retail Buyouts Return in `Goldilocks' Market After Credit Freeze Thawed Private-equity firms looking to buy
retail and consumer companies said they’re now able to finance
deals and pay reasonable prices after the credit crisis and
global recession triggered a buyout slump.
Lehman Misled Investors on Leverage, Fuld Was `Negligent,' Examiner Says Lehman Brothers Holdings Inc. used
off-balance-sheet transactions to understate its leverage in
late 2007 and 2008, deceiving shareholders about its ability to
withstand losses, a bankruptcy examiner’s report said.
White House's Summers Says U.S. `Very Close' to Seeing Employment Growth White House economic adviser
Lawrence Summers said the U.S. economy soon will start
generating jobs and move a step closer to lowering the nation’s
unemployment rate.
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