November 9, 1988 |
RJR Nabisco stockholders were ecstatic last month when the giant food company announced a possible management-led buyout. The stock price immediately shot up 38%, reflecting the premium expected to be paid in the deal. But George K. Fenn and other RJR Nabisco bondholders were far from rejoicing. As investment counsel for Metropolitan Life Insurance Co.
March 23, 1996 |
Walt Disney Co. sold a record $2.6 billion of investment-grade corporate bonds Friday in a huge offering to help finance its $19-billion acquisition of Capital Cities/ABC Inc. Disney, which needs $10.6 billion to finance the purchase, is expected to borrow an additional $7 billion to $8 billion with new debt sales in coming months. The amount of bonds to be sold Friday had been set at $1.5 billion, but was increased early in the day to $2 billion and again to $2.
September 19, 2007 |
Foreign investors bought a net of $19.2 billion in long-term U.S. securities in July, the lowest amount in seven months, the Treasury Department said Tuesday, suggesting that the credit crisis is denting demand for U.S. assets. Demand for long-maturity securities such as bonds, notes and equities hit its lowest level since December and fell sharply from the downwardly revised $97.3-billion net inflow reported in June.
April 1, 2003 |
Corporate and government debt issuance rose to a record $1.24 trillion worldwide in the first quarter as borrowers took advantage of low interest rates, data tracker Thomson Financial said Monday. However, the pace of borrowing -- much of it refinancing of higher-cost debt -- is expected to slow as war concerns weigh on markets and as many companies find they don't need additional capital. General Electric Co. was among borrowers that issued new debt in the first quarter.
December 10, 1990 |
Investors are finally getting religion about the slide in interest rates--and why not, when the preacher urging them on is the Federal Reserve Board? The Fed eased credit Friday for the third time in three months, allowing the federal funds rate--a key rate that banks charge each other for short-term loans--to fall to 7.25% from 7.5%. As recently as July, that rate was 8.25%.
October 18, 1989 |
The U.S. Treasury bond market ended lower in brisk, choppy trading Tuesday as investors moved in step with an unsteady stock market. Market analysts said bonds relinquished earlier gains as prices of stocks started to improve. "Those that had bought are now giving up the hope that the stock market will continue to tumble and that the flight to quality into bonds will continue," said Jay Goldinger, a principal at Capital Insight Inc., a Beverly Hills investment firm.
February 12, 2004 |
Pacific Investment Management Co., which manages the world's biggest bond fund, is considering buying Pakistani bonds being sold this week for its Asian holdings, Pimco fund manager Aaron Low said. The $500-million sale of five-year, dollar-denominated bonds is Pakistan's first overseas debt sale since nuclear tests in 1998 brought international sanctions.
March 23, 2009 |
www.investinginbonds.com If you're reluctant to invest in stocks these days -- and hey, you're not alone -- you may be considering bonds. But with a bewildering variety to choose from, it's easy for new investors to get confused. A good place to start is Investinginbonds.com, produced by the Securities Industry and Financial Markets Assn. The site offers help for novices as well as tools for experienced bond investors. Newcomers should start with the "learn more" column on the right-hand side.
April 8, 2012 |
For now, many aging baby boomers still are in the wealth-accumulation phase of life. Here's how some Wall Street pros see boomers focusing their portfolios in the next few years: Safety first: Millions of investors have favored high-quality bonds over stocks since the 2008 market crash, seeking income and security. Robert Arnott, head of money manager Research Affiliates in Newport Beach, thinks that trend won't fizzle soon - even if stocks keep rebounding. "We're at the sweet spot for bonds now," he said.