Your intense connection with someone who treated you terribly may not be love.
(Wall Street Journal) — As banks restart foreclosures they had suspended, bondholders are stepping up efforts to recoup losses on soured mortgage portfolios amid concern about sloppy mortgage servicing and underwriting practices. In a letter Monday, a group of institutional bond investors raised objections to the handling of 115 bond deals issued by affiliates of […]
(Forbes) — Investors buying bonds at the prevailing high prices are ‘making a mistake,’ billionaire investor Warren Buffett said. Buffett, speaking Tuesday at Fortune’s Most Powerful Women Summit in Washington, said it’s “quite clear stocks are cheaper than bonds” now. He added that he “can’t imagine” the rationale for adding bonds to your portfolio at current prices. Read More…
(Atlanta Business Chronicle) — Georgia has again retained its three triple-A bond ratings from all three rating agencies, Gov. Sonny Perdue’s office reported Monday. Georgia is one of a few states to maintain the highest bond ratings possible from Moody’s, Fitch, and Standard & Poor’s. Perdue’s office said the rating agencies credited the state’s active management of the […]
(AJC) — Airlines at Atlanta’s airport have agreed to make $30 million in extra rental payments to help the city get bond financing needed to keep the new international terminal project on track. Atlanta Mayor Kasim Reed, flanked by the chief executives of Delta Air Lines and AirTran Airways, announced the deal Tuesday. The supplemental rent […]
(Huffington Post) — Just how low can interest rates go? Rates keep falling, and Wall Street increasingly seems convinced that they will stay low for years. But it isn’t the Federal Reserve that is cutting them — it is the bond market. The weak-kneed economy has investors piling into United States Treasurysecurities, driving prices up and yields […]
(AP) — A bond rating firm has downgraded Chicago’s bond rating, citing the city’s weakened financial flexibility and reduced tax revenue. Fitch Ratings on Thursday reduced Chicago’s $6.8 billion in outstanding general obligation bonds from AA-plus to AA, which means millions of dollars will be added to the cost of borrowing by the city. The […]
(Market Watch) — The investment move that has made consumers most comfortable since the market crisis of 2008 is about to become the investment folly of the 2010s. That’s according to Chris Davis, head of the Davis Funds. He said recently that bonds are an emerging bubble, destined for a fall over the next decade, […]
(Atlanta Journal Constitution) — In its first bond deal in three years, the Atlanta Development Authority closed bonds this week on a $19 million project to finance the Amal Heights Townhouses. The 192 three-bedroom units will be completely refurbished, and when the project is done, 85 percent of the town homes will be rated as […]
(Atlanta Journal-Constitution) — In the middle of its historic fiscal meltdown, the state has continued to build schools, roads, tourism projects and other facilities by piling on debt. Advocates of the huge annual bond packages that have become common in recent years say the borrowing has allowed the state to pay for infrastructure needs at […]
(Money Magazine) — Question: My wife and I have $25,000 in a money market account earning almost nothing in interest. We would like to place $20,000 in some kind of an account that will give us a better return. This is our emergency money, so we’d like to invest it in something fairly safe. We […]