Word: bondses
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It may be worth 1% to have a Fidelity expert guide me through the financial maze created by Fidelity and its rivals. Nevertheless, the wraparound account is a reductio ad absurdum. "Put Fidelity's Renowned Investment Management Expertise to Work For You," blares the brochure. That is what I thought...
"Giselle," a product of the Romantic Era, is a ballet which celebrates the depth of human emotions, the elemental bonds within a community, and the simplicty of pastoral life. Indeed, the ballet does not make sense unless these themes are stressed.
Stocks and bonds soared as investors reacted to a happy surprise: a better-than-expected report on wholesale inflation. The Labor Department reported that producer prices fell five tenths of a percent in September. That's the steepest decline since August of 1993. Falling energy and coffee prices accounted for...
When many fund managers bought these interest-only strips, the rates had been so low for so long that many on Wall Street had almost forgotten that rates could turn up again. But while the high returns on these strips lasted, they drew new investors, and that in turn boosted...
At least one firm has conceded that it recently sold derivatives that may not have been right for its clients. Prudential Securities said last month that it would buy back some $70 million of "risky" mortgage-backed bonds it had sold to 1,000 unwitting investors. Prudential blamed the sales...