Royal Bank of Scotland is to take a £3.1bn hit to cover the cost of a toxic bond mis-selling scandal in the US in a move that is likely to push it to its ninth consecutive annual loss.
Safe-haven bonds are hitting serious tailwids, Nuveen's Bob Doll explained to CNBC's "On the Money."
There was a veneer of discipline in the chancellor’s handling of the UK’s public finances, after he ditched his predecessor’s strict target of balancing the budget in 2020 with three looser targets to be met in the next parliament.
Weaker business spending and a squeeze on consumers from higher inflation will dent the UK economy next year, but warnings for a post-referendum recession should prove unfounded, according to the government’s independent forecasters.
Remember, you're only as good as your last deal.
It remains early days for assessing Donald Trump’s economic plans, not least because of the difficulty in separating the serious policies from the wilder campaigning rhetoric, but the bond market seems clear on the central point: the president-elect intends to cut tax taxes, increase spending and deregulate.
The Dow Jones Industrial Average closed at a record high on Thursday, rising more than 200 points as traders continued to absorb Donald Trump’s victory in the US presidential race.
Here's the heartwarming story of a Goldman Sachs high-yield bond trader named Tom Malafronte, who bought bonds when customers were selling them, and sold them when customers were buying, and made $100m between January and June.
George Friedlander, one of the best-known strategists in the $3.8tril municipal bond market, is leaving Citigroup after about 40 years with the bank.