Jilted by Junk Bond Market Frustrates Investors
Today a busy slate of economic releases and investor conferences sets the tone for trading as junk bond holders face skimpy rewards. Industry veteran Martin Fridson notes the unusually low yields amid sparse defaults, while a New York conference on high yield debt draws attention to a potential sell off as investors bide their time.
MENTIONED IN THIS ARTICLE
Martin Fridson
Leverage World
Faidson
New York
New York Society of Security Analysts
Bond Yields Hit Five Year High Amid Fed Rate Caution
Ten year Treasury yields rose to the highest in five years as investors fear the Fed may lift rates to cool growth. Prime rate funds moved to 8.25 percent with slight changes. Commodities and gas prices eased as traders booked profits and awaited a report predicting higher crude inventories.
MENTIONED IN THIS ARTICLE
Fed
Water stock bubble debate fuels New York conference
Brean Murray Catret & Co hosts a New York conference with a dozen water firms led by Mueller Water Products and Consolidated Water. Analyst Michael Gauglér expects strong 15 year upside as investors seek safe drinking water plays. Separately, leaders of eight industrialized nations back a 250 million fund for rainforest protection per the Wall Street Journal. Merrill Lynch hosts executives from major transport firms at another New York conference.
MENTIONED IN THIS ARTICLE
Brean Murray Catret & Co
New York
Mueller Water Products
MWA
Consolidated Water
CWCO
Caribbean
Michael Gauglér
Brean
Wall Street Journal
Merrill Lynch
New York City
Stocks slide as bond yields spike and fears rise
Investors pushed StoryStocks lower as the 10 year Treasury yield climbed to 5.27 percent fueling worries of higher mortgage rates. The Dow fell 129.95 to 13,295.01 while analysts trimmed profit forecasts after airlines warned of higher fuel costs. Dairy and tech firms reported earnings impacts and outlooks amid market volatility.
MENTIONED IN THIS ARTICLE
Dow Industrials
Antitrust Watch Faces Busy Merger Season
Cops on merger deals report filings up 19 percent in the first half of the fiscal year, yet regulators question only 3 percent and block far fewer than in past decades. Notable cases include Whole Foods purchase of Wild Oats and Google’s bid for DoubleClick, each drawing FTC scrutiny for antitrust or privacy concerns.
MENTIONED IN THIS ARTICLE
U.S
Alcoa
Alcan Inc
Andrew Gavil
MLPs promise profits through energy pipelines and tax breaks
Energy firms and MLPs attract investors with high yields and tax deferral. Industry executive views highlight sizable distributions and growth potential across pipelines refineries and shipping while noting diversification beyond pure energy transport.
MENTIONED IN THIS ARTICLE
MLP
Rachlin
Quote on FDA authority and backbone in tissue harvesting
Former FDA attorney Areta Kupchyk urges stronger government oversight of the multibillion-dollar human tissue harvesting industry. She argues authorities have legal power but lack the will to act, calling for decisive regulatory action.
MENTIONED IN THIS ARTICLE
Food and Drug Administration
Areta Kupchyk
Dollar Strength Extends Rally Against Euro on Fed Outlook
The dollar rose again against the euro, enlarging its longest streak of gains since October. Market expectations that the Federal Reserve may hold or raise rates underpin the dollar's advance.
MENTIONED IN THIS ARTICLE
Federal Reserve
FundFocus Shows Long Term Hedge Backed Strategy
FundFocus notes lagging performance versus peers over the past five years due to limited currency gains as it hedges exposure to the dollar. Despite this, the fund’s deep value approach has produced strong, sustainable results over the long term.
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Val
S&p
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Lehman US
DJ Corp
StoryStocks
Continental Airlines Inc
Take-Two Interactive Inc
Marine Transport and Service Company
Dean Foods Co. Low
Texas Instruments Inc
Chipmaker
SunGard
Lehman Brothers Inc
Lowse Werk
Whole Foods
Federal Trade Commission
Wal-Mart
Kroger
FTC
J.P. Morgan
Stephen Chick
Google
DoubleClick
Electronic Privacy Information Center
Marc Rotenberg
EPIC
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Justice Department
FCC
Thomson/ Reuters
Canada
Thomson
Reuters
England
Thomson- Reuters
Bloomberg LP
Anthony DeLarrinaga
Societe Generale
D. Sorid
K-Girard
Boardwalk Pipeline Partners
Southern Union Co
SUG
Alerian Capital Management
New York Stock Exchange
Doug Rachlin
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Energy Transfer Equity
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Ava
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Longleaf Partners and
Morningstar
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Holdings Call, Inc
Nipponeoa Insurance
Olympus
Nikko Cordial
Fairfax Financial
Alcatel-Lucent Alu
Arkingsan
BEAT
Corp Bet
Bank of America Bac
Buy Bby
Chemtura Corp
CEM
Circuit City CC
Citizens South Bank Csbc
Commercial Metal
Intel Corp
IBM IBM
Lance
Ruddlek Rok
Sara Lee Sle
Southern Company SO
Spectra Energy
Suntruat Banke ST
Tampa Electric Co TE
Texas Roadhouse
TYC
Tyco International
Wachovia WB
Wallart Stre
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