NEW YORK----Western Asset Global Corporate Defined Opportunity Fund Inc. announced today a conference call to update investors on the Fund?s performance and investment activities. The call will be held on Wednesday, May 26, 2010 at 4:15 p.m. .
NEW YORK----Western Asset Mortgage Defined Opportunity Fund Inc. announced today a conference call to update investors on the Fund?s performance and investment activities. The call will be held on Thursday, May 27, 2010 at 4:15 p.m. .
NEW YORK----Western Asset Intermediate Muni Fund Inc., which is listed on the NYSE Amex under the symbol ?SBI?, announced today monthly distributions of $0.0400 per common share for June, July and August 2010.
Western Asset Intermediate Muni Fund Inc. (NYSE Alternext: SBI) as of June 30, 2010. Investment Objective: The Fund seeks as high a level of current income exempt from Federal income tax as is 2010 07 22 16:15
Western Asset Global Corporate Defined Opportunity Fund Inc. (NYSE: GDO) announced today a conference call to update investors on the Fund?s performance and investment activities. The call will be 2010 05 21 14:57
Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE: DMO) announced today a conference call to update investors on the Fund?s performance and investment activities. The call will be held on 2010 05 21 14:54
Western Asset Intermediate Muni Fund Inc., which is listed on the NYSE Amex under the symbol ?SBI?, announced today monthly distributions of $0.0400 per common share for June, July and August 2010. 2010 05 17 17:00
In a volatile trading session today, strong selling activity in the final hours caused markets to close deep into the red after trading barely above the dotted line for a larger part of the session. While the BSE Sensex closed lower by around 133 points (down 1%), the NSE Nifty lost around 46 points (down 1%). Midcap and small cap stocks, however, closed higher by 0.3% and 1% respectively. Losses were largely seen in IT, healthcare and banking stocks.
As regards global markets, barring India, most Asian indices closed firm today. European...
I noted in my book Finding Alpha that junk bonds have not outperformed investment grade bonds since data on junk bonds really became available, around 1987. This is the real corporate bond puzzle, in direct contrast to the corporate bond puzzle most academics address, which is the anomalously high return premium between BBB and AAA bonds (around 100 basis points annually).
Academics seem to consistently miss the big picture in corporate bonds, which to me is the lame returns on patently riskier junk bonds over the business cycle. For example, Steve Cecchetti’s textbook
Somehow I missed this but that doesn’t mean anything, I miss a lot of things. So if you’re up to speed on the government providing reinsurance for municipal bonds then skip this post.
If not, here is a little blurb I found on Fox Business:
In the fourth quarter of 2008, the municipal bond market collapsed along with the rest of the credit markets. Lately there has been a small revival. Still, depressed bond prices and wide spread credit concerns leave open big opportunities for investors in the new issue and secondary market, if you know where to look.
Long maturity tax exempts on average now yield 130% of comparable Treasury bonds and that’s before the exemption benefit. A portion of that differential may be attributed to what many have termed artificially low Treasury rates. Not that long ago, exempt yields averaged 75% of...
Short-Term National Municipal Bond ETFs (click on symbol for data and articles)
iShares S&P Short Term AMT-Free National Municipal Bond Fund (SUB) Market Vectors-Lehman Brothers AMT-Free Short Municipal Index ETF (SMB) PIMCO Short Term Municipal Bond Strategy Fund (SMMU) PowerShares VRDO Tax-Free Weekly Portfolio (
NEW YORK--(BUSINESS WIRE)--Western Asset Intermediate Muni Fund Inc. (NYSE Alternext: SBI) as of June 30, 2010. Investment Objective: The Fund seeks as high a level of current income exempt from ...
NEW YORK, May 21, 2010 (BUSINESS WIRE) -- Western Asset Mortgage Defined Opportunity Fund Inc. (NYSE:DMO) announced today a conference call to update investors on the Fund's performance and ...
NEW YORK, May 17, 2010 (BUSINESS WIRE) -- Western Asset Intermediate Muni Fund Inc., which is listed on the NYSE Amex under the symbol "SBI", announced today monthly distributions of $0.0400 per ...
