bond trading

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Renegade Trader Leaves Deutsche Bank Reeling

(Newser) - How does one lose almost $2 billion in a matter of months? Look no further than the story of Deutsche Bank’s Boaz Weinstein, the chess master and gambling extraordinaire who made more than $1.5 billion for the firm in just 2 years before losing it all and more,... More »

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 »

Tribune Co. Risks Default on Debt Payments

Advertising slumps and shrinking revenue for media company

(Newser) - The Tribune Co. is at risk for missing interest payments on part of the $13-billion debt that will result from the sale to real estate baron Sam Zell, Bloomberg reports. The prediction is based on trading in the company's credit-default swaps; at $77,000 per $10 million in debt, they... More »

Cantor Cuts Ties to eSpeed, BGC

Bond trading firm moves to settle conflict-of-interest complaints of investors

(Newser) - Cantor Fitzgerald, following conflict-of-interest complaints from investors, is planning to distance itself from the brokerage and online trading firms it controls. The deal will create a new company, a merger of eSpeed and BGC Partners.  More »

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