Still, we are concerned for people with excessively large bond allocations especially ones including long duration Treasuries or leveraged mutual funds.
Several months ago I sat through a pitch meeting from a very, very large international bond fund.
Several months ago I was on the phone with the managers of a very, very large international bond fund.
FORBES: 'Systemic Risk' Is Not Event Driven, It Is Character Driven
That refers to the possibility that the ECB will undertake large scale bond purchases, for "monetary policy" reasons, which would also ease the pressure on national governments.
We can see a similar sort of thing today, where the U.S. government has been running very large budget deficits, with the resulting bond issuance in large part absorbed by foreign central banks.
The value of the large government-bond portfolio held by the bank decreased, hurting its capital position, the document says.
"No one can question the deterioration in the sovereign balance sheet or banking system, but it seems counterintuitive to cite possible financing gaps when a large, " bond issuance was about to close, said Richard Segal, emerging market strategist at Jefferies International.
At the time it began to sink, unable to meet margin calls, Long-Term Capital was, for example, long large amounts of the 29-year Treasury bond and short equally large amounts of the 30-year Treasury.
Armed with a proper prospectus, even family firms can now raise large sums in international bond markets.
Debt distribution is manageable and the post bankruptcy bond issues are large and liquid.
It is declining growth prospects that have helped to drive down bond yields across large parts of the developed world in the past few weeks - at least those parts of the developed world that are not being punished for joining the euro.
Japanese co-financing with the World Bank, and large commercial bank credits and sovereign bond offerings will comprise the bulk of this year's remaining amount.
In the big scheme of things, the differences in composition between total bond market index funds and the actual U.S. bond market is not large (excluding municipal bonds).
FORBES: Total Bond Index Funds are Not the Total Bond Market
The bulk of that money is now being raised by forcing losses on large deposit holders as well as bond holders in Laiki bank, which will be split into a bad bank of toxic assets and a remaining viable core business.
Just take a look at the stocks of large US export companies after Italian bond yields soared early last week: GM (NYSE:GM) down 10% (the company lowered its sales guidance for Europe), Ford (NYSE:F) down 8%, Caterpillar 4% (NYSE:CAT), Microsoft (NASDAQ:MSFT) down 2.10%, Intel (NASDAQ:INTC) down 1.24%, Apple (NASDAQ:AAPL) 4.37, Cisco Systems (NASDAQ:CSCO) 2.20 %, and 3M (NYSE:MMM) 3.18 percent.
FORBES: Why Wall Street Isn't Bullish On The Collapse Of Semi-Communism In Europe
Italy's Generali cut its dividend 56% after taking large write-downs on its Greek bond portfolio and other assets.
The best emerging market bond funds this year have large positions in Brazil.
FORBES: Do Rising BRIC Interest Rates Mean Big EM Bond Gains?
Finally, most are designed to do little more than track large cap US dominated stock and total bond market indexes.
Both Schwab and Fidelity offer lists that winnow the forbidding pile to 20 or fewer no-loads, in categories such as large-cap, international and taxable bond.
In December, when chatter heated up again about reducing the tax benefit of munis, there was a large move to the downside in muni bond ETFs.
FORBES: Muni Bond Group To Washington: Hands Off Our Tax Exemption
The bond insurers have had to pay out large sums, and they're likely to face additional defaults in the future.
Essentially, a large opportunity remains in equities as the thirty year bond bull market appears to be coming to an end.
Emerging market bond and equity funds continue to see large inflows thanks to QE3 at the Fed creating a reallocation environment from lower to higher yielding assets.
In part because of regulation, insurance and pension firms prefer big bond issues backed by the government or large firms, which can be easily traded in and out of.
ECONOMIST: Growing firms need to look beyond the big banks for credit
In a recent article titled Index Fund Portfolio Reign Superior, I created 10, 000 portfolios using actively-managed U.S. large cap funds, international large cap funds, and intermediate-term municipal bond funds.
Even large companies, which can access the commercial paper and bond markets, are affected.
It appears the NDRC contemplates that debt-laden banks and bond-market investors will pick up the large tab.
Now the bond market is quite sensitive to the very large government deficits - and more fiscal packages would only make matters worse.
They believe that the primates, which live in very large social groups, are using the verbal exchanges to bond with each other, in a similar way to how humans might use small talk.
应用推荐