Word: bondses
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STRAPPED WITH A DEBT OF $4 TRILLION, UNCLE SAM naturally wants to pay the lowest interest rates possible. In a move expected to save up to $16 billion over the next five years, the Treasury said it would shift a big chunk of its borrowing from long term to short...
With the sect consumed by fire, the tales of life in Mount Carmel come mostly out of the mouths of babes. As stories from survivors, former Davidians and a psychiatric report on the children confirmed last week, the Ranch Apocalypse experience was one of deprivation and fear. Denied traditional family...
A big jump in interest rates would also clobber the bond market, to which mutual-fund buyers have flocked as well. Bonds took off on a powerful rally last November that has pushed long-term yields to their lowest level in 20 years (the higher a bond's price, the...
I AM IN AN OPEN LAND ROVER, AT NIGHT, HUNGRY LIONS TO MY RIGHT AND left, worried. Not about the lions; about them I'm merely terrified, which is different. (We are told they regard Land Rovers as harmless six-headed animals that smell bad and make funny noises. Just...
So what about my South African Eskom 13.5% bonds? They actually yield more than 13.5%, because you get to buy them with the "financial rand," which sells at a discount, but get your interest in "commercial rands," which do not. There are risks, such as a collapse in the value...