The Federal Reserve, having lowered short-term interest rates in effect to zero, has intervened in bond markets to push down long-term mortgage rates as well.
When Texaco was hit with an outlandish multibillion-dollar award in the 1980s, the company had to put up that amount as bond in order to appeal the judgment.
She credits day trading with transporting her from a "miserable existence" in bond underwriting to something genuinely fun and paying six figures annually.
All of which means that for the foreseeable future there will be even more pressure on a reluctant European Central Bank to intervene in government bond markets to keep implicit borrowing costs for Spain and Italy below penal levels.
Baldt pushes his 20 analysts to focus on the minutiae: What's in the bond indenture to secure repayment, under what circumstances can they be called in early, and does the market misunderstand them?
These purchases would in turn aim to improve sentiment in bond markets and buy some time to allow fiscal adjustment measures to work and the eurozone to demonstrate that the fiscal compact is meaningful.
Over the same time, the 30-year U.S. Treasury bond yield jumped more than 150 basis points to nearly 8%, and in turn caused many bond investors to suffer losses of 20% or more in their portfolios.
To make that easier, rich countries should encourage emerging markets to incorporate in new bond contracts rules to facilitate restructuring.
For the euro zone to find its way through this crisis, intervention in bond markets needs to be combined with a bolder overhaul of the system itself.
By extending these practices, the Fed will no longer be able to simply transfer funds by selling one type of bond in order to buy another.
Yet, with Daniel Craig becoming the latest actor to don the 007 tuxedo in "Casino Royale, " Bond appears to be in no danger of having his licence to kill revoked any time soon.
Until then, Greece is likely to take a back seat, as investors focus on whether the European Central Bank will intervene in the bond markets to help other ailing nations such as Spain and Italy.
So in theory if cross-default or accelerated payment clauses were unexpectedly to turn up in bond documentation, the Greek parliament could legislate to make them null and void.
In order for the technology to work in practice, Bond says, it must be possible to read the chips on thousands of pill bottles at once--without error.
Provided that those two lines hold and the aforementioned move in the bond market continues to confirm higher-highs in the prices of copper and oil this morning, the Fed will remain behind the curve.
On Wednesday, the People's Bank of China, the central bank, held a meeting with senior executives from China's big commercial banks the major underwriters and buyers of Chinese bonds to discuss how to enhance banks' internal risk controls in bond trading, according to the people.
The BOJ unveiled a massive easing program on April 4 in which it pledged to double its Japanese government bond holdings in two years as it seeks to achieve its inflation target.
Moreover, bank regulators are becoming tougher with banks about loose lending practices, which could mean that less credit is available at just the same time as the bond market is shut in sharp contrast to the last junk-bond freeze in 1998.
The immediate cause of the sharp fall in bond prices seems to have been rooted in the byzantine world of Italian politics, and in particular, an acrimonious spat between Silvio Berlusconi, the prime minister, and Giulio Tremonti, the finance minister, over provisions in an emergency budget.
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MSBs, however, the scarcity of government bonds makes it hard for the central bank to engage in open-market bond dealings to control the money supply.
There is certainly a tremendous amount of cash on the sidelines earning next to nothing in savings accounts and bond funds to fuel a further rally.
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Nope, the basic game in the bond pits is to gauge the strength of the economy and stay in tune with the expectations for inflation.
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Investors would obviously be willing to pay considerably more for his bond than for a new bond issue in order to get the higher interest rate.
Smart's secret agent is a composite of James Bond, stripped of the cinematic irony that makes everything 007 does in the 21 Bond films to date so incredibly cool at the film's end.
At the very least, fewer competitors in the business--and bond insurers would need to maintain the highest rating to stay in the game--would raise the cost of bond issuance for many smaller cities and make some projects too expensive to finance.
They believe that the primates, which live in very large social groups, are using the verbal exchanges to bond with each other, in a similar way to how humans might use small talk.
And in the process, he managed to rehash the controversial role of Meredith Whitney in the municipal bond market so central to U.S. cities.
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However, holding to maturity may be difficult, as bond investors discovered in the late 1930s and 1940s, once stocks begin producing 10% to 25% in some years, while the 20-year corporate bond will continue to pay only 4.5% or whatever annually to maturity (and meanwhile may be significantly underwater until maturity due to rising interest rates).
The speculation is driven by officials who some believe are sacrificing tiny so-called peripheral European economies like Greece, Ireland and Portugal, in an effort to stop the bond vigilantes before they get to a country that could really cause banking problems in Germany and France like Spain.
In the event that we do begin to see more concerns over defaults in the Municipal bond market, we will start to see investors flee municipal bonds, putting tremendous pressure on prices.
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