high yield

Note: I now post these stories and other breaking news on my twitter feed. Follow me at twitter.com/edwardnh to receive updates in real-time. Paul Volcker: Do The Right Economic Thing « The Baseline Scenario FT.com / Columnists / Martin…

When I read Yves Smith's recent comments on Bank of America's repayment of its TARP funds, I couldn't help but think of a post I wrote six months ago called "Asymmetric information and corporate governance in bank bailouts." The…

I pick up Bill Gross where I left him on Friday.  He said in his monthly newsletter that the Fed is going to keep interest rates at zero percent through 2010. But, he is not willing to stick his neck out in a liquidity seeking return…

Bill Gross has a must-read piece out for his monthly Investment Outlook called “Midnight Candles.” He begins the piece with allusions to his advancing years (Gross is now 65) and the mortality he feels because of it – pretty sobering stuff.…

I used to be a European High Yield guy. I was there when the market first took off in the late 1990s on the back of telecom plays like NTL or Telewest. I was also there when the Russian devaluation and default shut down the market. And I…

Bill Gross is a bond man.  In fact, he is often called the “Bond King” because Pimco, the organization where he is founder and Co-Chief Investment Officer, is the largest bond fund in the world. In Bondland, what Gross says has a lot…

PIMCO, the world’s largest bond fund, has a new investment outlook by Founder Bill Gross. In it he says that we are in a long-term lower growth pattern as the asset-based economy of yore has melted away.  He warns that this means risky…

Martin Fridson is one of the best known high yield bond analysts out there. For a very long time he was the head of Merrill's high yield research group, the group that analyses the prospects of debt issued by companies with non-investment…

It's about 7:45 AM ET as I write this and the overseas stock markets are getting hammered. I can't say I don't fear what is going to happen today because I do. We are witnessing a meltdown of unimaginable proportions that is not just…