Bill Gross, the co-founder and co-CIO of Pacific Investment Management Co, has accused departing CEO Mohamed El-Erian of seeking to 'undermine' him by talking to The Wall Street Journal about deepening tensions between the two executives who have been jointly running the world's largest bond house.
UBS offered to repurchase some shares of its Puerto Rico bond funds after the commonwealth’s debt has lost more than 16% this year.
Remember, you're only as good as your last deal.
It's early days. Mark Carney is still finding his feet as the new governor of the Bank of England. Financial markets get things wrong with stunning regularity.
The performance of U.S. equities has far surpassed the debt markets so far this year, and investors are hoping the trend will continue. But do stocks really have that much of an edge over bonds?
The guys at the top really haven't a clue.
For the next few weeks and months, Europe's central bankers will be arming themselves for yet another battle with the bond markets.
It's tough at the top.
A record amount of money poured out of exchange-traded and mutual bond funds in June, according to a fresh report by TrimTabs, nearly double the amount pulled out of bond funds at the height of the financial crisis in October 2008.
Mutual and exchange-traded funds hemorrhaged a record volume of bonds in June, according to a fresh report by TrimTabs Investment Research, as investors fear the impact of a scaling back of the U.S. Federal Reserve's bond purchasing program.