Moody's Takes An Axe To Italy's Debt Ratings
Rising likelihood that the worsening plights of Greece and Spain could increase the country's funding costs.
Jeremy Bogaisky, Forbes Staff
Rising likelihood that the worsening plights of Greece and Spain could increase the country's funding costs.
Jeremy Bogaisky, Forbes Staff
Halah Touryalai, Forbes Staff
Steve Schaefer, Forbes Staff
Mark Bergen, Contributor
The yield on U.S. Treasury 10-Year notes hit a new low in an auction. read »
But can it last? Earnings season is looking better after the big bank reports.
July 2012, US Leveraged Loan Market Trends and Analysis read »
About 1.25 million Americans would pay more in taxes next year if President Barack Obama’s latest plan is approved. The White House wants to allow taxes to rise for households making more than $250,000 by boosting the top marginal tax rates to 36 and 39.6 percent (currently, it’s 33 and 35 percent). read »
Syndicated loans are, perhaps, the credit product most associated with LIBOR. Not only are virtually all loans set to a spread over LIBOR, but so are liabilities backing CLOs, the market’s essential funding source over the past decade. read »
The NY Fed knew that banks were lying about their Libor rates back in 2008, according to transcripts of phone calls released today. read »
JPMorgan Chase was setting the tone for a broad rally in U.S. stocks Friday morning, climbing after reporting profits that managed to withstand a massive trading blunder. read »
After peaking above $1,900 an ounce last September, gold has truly been a disappointing investment. Bullion is down about 20% in the time as investors have pared their hopes for a new policy bazooka from Bernanke, while the U.S. dollar has strengthened and physical demand for gold has waned. It might just be the opportune time to buy gold, though, as the yellow metal trades near its 52-week low and global policy easing may be closer than people think. read »
In Thursday’s Forbes Markets Desk video, staff writer Halah Touryalai and I preview Friday’s second-quarter earnings report from JPMorgan Chase, and why Wells Fargo might offer a better reading on financial conditions in the U.S.: read »
