Fixed Income
News and analysis of fixed income markets including the key factors affecting performance such as interest rates, Federal Reserve policy and the state of the economy.
The Phoenix Companies Reports Big Improvement in Third Quarter Net Income
By Warren S. HerschPhoenix Companies President and CEO James Wehr attributes the robust third quarter performance to strong business fundamentals, including mortality, persistency, investment performance and expense management.
October 31, 2011
MF Global Bankruptcy Spooks Investors; First U.S. Casualty of Europe’s Debt CrisisMF Global Holdings Ltd., the securities firm run by former New Jersey Governor and Goldman Sachs head Jon Corzine, is seeking bankruptcy protection in what is seen as the first major U.S. casualty of Europe's debt crisis.
October 31, 2011
PIMCO’s Bill Gross: Can More Debt Solve Debt Crisis?The bond king says stimulus policies are stifling growth; on same day, OECD pleads for structural reform.
October 28, 2011
SEC Slapped Down in Two Cases Against BanksU.S. District Court Judge Jed Rakoff administered a mighty tongue-lashing to the SEC in a proposed settlement with Citigroup the same day his colleague on the bench Miriam Goldman Cedarbaum dismissed fraud charges against a JP Morgan executive.
October 28, 2011
MetLife, NFP Enjoy Earnings Gains in Third QuarterFueling MetLifes earnings rise was strong demand for the companys variable annuities. Annuity sales increased by $9.2 billion, up 79% over the third quarter of 2010.
October 28, 2011
NAIC Suffers Dip in Investment Income, Budget ShowsThe NAIC budget rises incrementally again for the coming year, but a volatile third quarter market wipes out investment gains. The organization's liquid reserve is projected to increase to almost 84% by year-end 2012.
October 27, 2011
CBO Report: Wealthiest Americans’ Income Growth Outpaces Middle ClassThe CBO reports that the richest 1% of Americans have been getting far richer over the last three decades while the middle class and poor have seen their after-tax household income crawl up in comparison.
October 27, 2011
Burton Malkiel Is Bullish on China, Says U.S. Double-Dip UnlikelyRandom Walk author and index investing champion is not negative on U.S. but says over long run, too much debt is associated with poor economic growth."