Fixed Income News
Dalio's World ($)
Barron's It's hard to imagine anyone navigating the rough seas of the past decade more ably than Ray Dalio, master and commander of money-management firm Bridgewater Associates, which oversees $120 billion for a roster of global clients that include foreign governments, pension funds and endowments.
21 May 2012
DTCC signals expansion into Asia ($)
Financial Times The Depository Trust & Clearing Corporation, the US securities post-trade group, signalled expansion into Asia on Monday by picking Singapore as the site for its first data centre in the region to store electronic records of over-the-counter derivatives trades.
21 May 2012
JPMorgan Risk Overseer Said to Have Trading Losses Record
Bloomberg Irvin Goldman, who oversaw risks in the JPMorgan Chase & Co. (JPM) unit that suffered more than $2 billion in trading losses, was fired by another Wall Street firm in 2007 for money-losing bets that prompted a regulatory probe, three people with direct knowledge of the matter said.
21 May 2012
Size can be deadly in a low-rate world ($)
Financial Times Imagine for a minute that you are sitting on a $360bn-odd pot of cash. Somehow you have to stash that money in an incredibly safe place, but also produce some returns. So where do you put it? In Treasuries, which carry negative real returns and are becoming riskier by the day? In eurozone bonds or corporate credit? Or can you find something else, without creating new risk?
18 May 2012
Previous Fixed Income News
18 May 2012
- U.S. Banks Sold More Swaps on European Debt as Risks Rose (Bloomberg)
- CFTC Considers Loosening Dodd-Frank Speculation Limits (Bloomberg)
- Senate votes put Fed board at full strength (Reuters)
- Financial centres: Vienna and Warsaw vie for pre-eminence ($) (Financial Times)
- Greece’s Rating Downgraded One Level to ‘CCC’ From ‘B-’ By Fitch (Bloomberg)
17 May 2012
- JPMorgan unit has $100bn of risky bonds ($) (FT )
- Derivatives Need Transparency to Lure Users, Hirani Says (Bloomberg)
- Junk-Debt ETFs Set Markets ’Abuzz’ After Record Trades (Bloomberg)
- HSBC Seeks To Build Asia Prime Brokerage In China (FINalternatives)
- Spain Banks Face Moody’s Downgrades as Bankia Denies Deposit Run (Bloomberg)
- Spain debt costs to leap at bond sale as investors eye Greece (Reuters)
- Europe's Missing Contingency Plan as Greek Exit Fears Rise (Wall Street Journal/Heard on the Street)
- Big banks need extra $566bn, says Fitch ($) (FT)
- About that Spanish bank downgrade… ($) (FT Alphaville)
- Why Wall Street Is Hungry For Quants, Even As It Shrinks (advanced trading)
- Happy 220th Birthday, New York Stock Exchange. A Look Back. (Securities Technology Monitor)
- ICAP in talks to buy Plus Markets ($) (Financial Times)
16 May 2012
- Broadway in deal with interest rate markets ($) (FT Trading Room)
- Spain tries to pin down real estate losses ($) (FT)
- HSBC prime brokerage targets China hedge funds (Asian Investor)
- JPMorgan Said to Cut 20 London Investment-Banking Jobs (Update 1) (Bloomberg)
- One in ten trades still fail to settle on time (Finextra)
- Systemic-Risk Firms Will Get ’Robust’ Due Process (Bloomberg)
- Credit Suisse slates more New York layoffs (Reuters)
- Dodd-Frank Swaps Legislation Delayed After JPMorgan Trade Losses (Bloomberg)
- Merkel-Hollande Meeting Yields Greece Growth Signal (Update 4) (Bloomberg )
- Greek President Told Banks Anxious as Deposits Pulled (Bloomberg)
15 May 2012
- Why We're All J.P. Morgan Now (Smart Money)
- Chart of the Day: JP Morgan vs Mexico (CDS edition) ($) (Financial News )
- Dimon pushes Blankfein off hotseat at charity gala (Reuters)
- JPMorgan’s Trading Debacle: Don’t Blame VaR Just Yet (Institutional Investor)
- Pimco's Total Return ETF even better than the real thing (Investment News)
- Pimco's Bill Gross on: A whale in the waters of negative yields ($) (FT)
- JPMorgan Chase Has Lost $20 Billion On Its Bad Trade, Taking Into Account Share Price (Huffington Post)
- BNP Paribas prime brokerage head resigns (Securities Lending Times)
- JP Morgan plots Asian prime brokerage push (Financial News)
- Hedge funds eye further profits from JPMorgan losses (Reuters)
- Traders see turbulence as U.S. data-release rules change (Reuters)
- Exchange Mergers on Hold for Now, NYSE CEO Niederauer Tells CNBC (Bloomberg)
- JPMorgan Said to Weigh Bonus Clawbacks After Loss (Bloomberg)
- Prop is only 4% of Total Losses (Financial News)
14 May 2012
- European Officials Warn Greece ($) (Wall Street Journal)
- Greece Weighs Technocrat Government ($) (Wall Street Journal)
- Shareholders Gird for J.P. Morgan Meeting After Trading Loss ($) (Wall Street Journal)
- Fired Citadel Programmer Indicted For Stealing Hedge Fund's Code (FINalternatives)