The Standard & Poor’s 500 Index rose 1.2 percent at 9:42 a.m. in New York.
The MSCI Emerging Markets Index increased 1.6 percent after falling 6.1 percent
in the past three sessions. Greece’s ASE Index climbed 5 percent, rebounding
from four days of losses. The euro strengthened 0.7
The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
Feb. 9 (Bloomberg) -- Investors in the lowest rated corporate bonds are looking
past concern that worsening government finances will derail the economy, paying
prices that imply the fastest drop in defaults in more than a decade. The
amount of so-called distressed securities, or bonds
The amount of so-called distressed securities, or bonds yielding at least 10
percentage points above benchmark rates, fell to $117 billion from $250 billion
six months ago, according to Bank of America Merrill Lynch index data. The
market is pricing in a default rate of 0.3 percent in a year,
Is there any way out of Europe's debt morass? Greece's efforts to restore
confidence in its finances have only called attention to its woes, and now
investors are fretting debt contagion could spread to other countries, starting
with similarly troubled Portugal, but with markets
Greece's efforts to restore confidence in its finances have only called
attention to its woes, and now investors are fretting debt contagion could
spread to other countries, starting with similarly troubled Portugal, but with
markets wondering who's next. Some experts believe a bailout may be
The expiration of the Fed’s Term Asset-Backed Securities Loan Facility is
driving companies to sell bonds tied to loans that would otherwise require
higher yields. Borrowers are offering bonds backed by subprime auto loans,
mortgage-servicing payments and assets that have proved hard to sell
The expiration of the Fed’s Term Asset-Backed Securities Loan Facility is
driving companies to sell bonds tied to loans that would otherwise require
higher yields. Borrowers are offering bonds backed by subprime auto loans,
mortgage-servicing payments and assets that have proved hard to
Cutting through the bulls ... Stephanie Pow, Jenna McLean, Lisa Zhou and
Janelle Manchee. INVESTMENT banks are getting a makeover. After the
testosterone charged days of the global financial crisis and the sharemarket
bubble that preceded it, more banks are seeking to hire women to
The expiration of the Fed’s Term Asset-Backed Securities Loan Facility is
driving companies to sell bonds tied to loans that would otherwise require
higher yields. Borrowers are offering bonds backed by subprime auto loans,
mortgage-servicing payments and assets that have proved hard to sell
Feb. 9 (Bloomberg) -- Investors in the lowest rated corporate bonds are looking
past concern that worsening government finances will derail the economy, paying
prices that imply the fastest drop in defaults in more than a decade. The
amount of so-called distressed securities, or bonds
