October 22, 1988 |
Bond prices fell Friday despite a drop in oil prices and a report of lower-than-expected inflation. The Treasury's 30-year bond fell 19/32 point, or $5.94 for every $1,000 in face value. Its yield, which moves in the opposite direction from its price and is often an indicator of interest rate trends, rose to 8.90% from 8.84% late Thursday. "It looks pretty ugly out there in bond land," said Mitchell Held, chief financial economist for Smith Barney, Harris Upham & Co.
June 25, 1988 |
Bond prices advanced Friday in quiet dealings as the dollar extended its recent gains in foreign exchange trading. The Treasury's bellwether 30-year bond rose half a point, or $5 per $1,000 in face value, as its yield fell to 8.85% from 8.92% late Thursday. Analysts said the price increase was the result of another rise in the dollar, which has gained ground steadily this week against other major currencies.
September 13, 1988 |
Bond prices fell Monday in thin trading in reaction to a rise in oil prices. The Treasury's closely watched 30-year bond fell about half a point, or about $5 for every $1,000 in face value. Its yield, which is often an indicator of interest rate trends, rose to 9.03% from 8.97% late Friday.
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.
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.