Word: bond
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Dates: during 1980-1989
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...Many bond investors have been taking a bath, since the price of fixed- income securities falls when interest rates rise. In April alone, bondholders lost more than $100 billion. The pain was shared by small investors who have poured money into bond mutual funds. At the end of March, those funds had assets of nearly $310 billion, up from $142 billion at the end of 1985. The mortgage market was also hard hit by the rise in interest rates. Says Lyle Gramley, chief economist of the Mortgage Bankers Association: "Some people called it orderly panic in the bond market...
...calling as a family friend offering compassionate advice? Or was the mayor of Atlanta bent on stopping an investigation? That apparently was what a federal grand jury in Atlanta wanted to know last week when it summoned Andrew Young to explain his March 25 telephone conversation with Alice Bond, the estranged wife of former Georgia State Senator Julian Bond. The call was placed six days after she told Atlanta police that her husband had been a regular user of cocaine and that she had once seen the mayor use coke...
Young, who was Jimmy Carter's Ambassador to the United Nations, said he called Alice Bond before he knew that she had implicated him as well as her husband. He did so, he said, only to suggest that she stop "passing rumors." After the call, Alice Bond told reporters that her charges were false, even though she had also named the alleged coke supplier and a limousine driver she claimed had sometimes delivered the drug to her husband. The three police officers who had taken the statements from her were then transferred to lesser duties without explanation. That...
...outlook remains marred by the weak dollar and slumping bond prices. The employment report may lead the Federal Reserve Board to conclude that the economy is strong enough to withstand a further rise in interest rates, which would defend the dollar and guard against an acceleration of inflation...
...reeling from the inflationary spiral that sent interest rates soaring and left the thrifts with billions of dollars of low-interest 30-year mortgages on their books. Congress tried to remedy the situation by allowing the thrifts to expand their business far beyond those traditional instruments into stock and bond investment as well as business loans, particularly in commercial real estate. At the same time, thrift deposits continued to receive federal guarantees. The result was that even though numerous thrifts were weak, the industry was encouraged to grow madly rather than face a shake...