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MONDAY, NOVEMBER 23, 2009
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NEWS ABOUT: bond

bond stories: 7 news summaries

(AP) - A US district judge today revoked bond for Texas financier R. Allen Stanford, who's charged with swindling investors out of $7 billion. David Hittner approved a request by prosecutors to overturn a magistrate judge's decision to allow Stanford freed on $500,000 bond pending his trial. Prosecutors argued that Stanford's... More »

MARKETS

 Fed Moves Street; Dow Up 91 

Plan to buy Treasuries, mortgage-backed securities stirs stocks

(Newser) - Stocks slumped today until the announcement of the Federal Reserve’s plans to buy billions in Treasuries and mortgage-backed securities, which caused a minor rally in equities, the Wall Street Journal reports. Treasury prices surged and yields plummeted. The Dow gained 90.88 to close at 7,486.58. The... More »

ANALYSIS

Next Bubble May Be
in Treasuries

But the rest of the bond market is attractively priced

(Newser) - As the credit and stock markets collapsed, investors rushed to Treasuries as the safest possible bet. But the rush to safety could be fueling a bubble, writes Andrew Bary for Barrons. Yields have been plummeting, with 10-year notes at 2.4% and three-month bills selling last week for 0.05%.... More »

Cash-Squeezed States Warn
of Collapsing Infrastructure

Fed stimulus eyed as municipal bonds wither

(Newser) - Thousands of infrastructure projects across the country are on hold as states wrestle with budget crises, the New York Times reports. Gov. Arnold Schwarzenegger warned yesterday that California was “on a track toward disaster" as school, bridge, and road construction projects ceased, the victims of the credit squeeze and... More »

Judge Says Detroit Mayor Can See Sis

Kilpatrick ducks another night in jail as court rejects violation

(Newser) - Detroit Mayor Kwame Kilpatrick dodged another visit to jail this morning when a judge ruled that his weekend contact with his sister was not a violation of the terms of his bond, even though she was present at the incident that got him into trouble in the first place. The... More »

MORE ABOUT:
Detroit bond Kwame Kilpatrick

$10M Bond Allows Guru
to Leave US

'Swami Ji' follower
puts up cash after
sex charges in Texas

(Newser) - A Hindu guru charged with groping two underage girls will be permitted to leave the country, despite 20 counts of indecency, after a follower put up $10 million to guarantee his return. Given how much money's involved, the arrangement to allow Prakashanand Saraswati—known as Swami Ji—passage to India... More »

MORE ABOUT:
child molestation bond Hinduism Swami Ji Abflex

Investors Urge Reluctant Fed to Buy Mortgage Debt

Critics say plan would put too much risk on taxpayers

(Newser) - The best way for the Fed to help reverse the sagging economy is for it to buy some of the $6 trillion in outstanding mortgage-backed securities that have Wall Street so nervous, investors say. The move would ease the credit crunch but put taxpayers at risk. It’s an option... More »

7 Stories