The dollar's four-week decline and a slump in bond prices has upset some assumptions about where global financial markets are heading, but haven't deterred most investors from staying faithful to their bets.
World equity markets rallied, with European stocks surging the most in more than two years, and bond prices slid on Friday as investors poured back into beaten-down markets on solid U.S. corporate earnings and rising consumer sentiment.
Investors hope the Bond King can remake himself as a team player. Bill Gross last week abruptly left Newport Beach, California-based Pimco, the firm he built into a bond giant, to join Janus Capital Group (JNS.N), a small Denver firm that touts on its website how its friendly, team-oriented culture creates "strong collaborators."
Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.
For Bill Gross, quitting Pimco's $222 billion Total Return Fund to take over a $13 million fund at Janus Capital is like resigning the U.S. presidency to become city manager of Ashtabula, Ohio, population 18,800.
Poland, in order to finance the fourth quarter of the year, intended to sell Euro denominated bonds to increase the liquidity.
In a bid to maximize benefit from high consumer demand, SABIC issues a five year dollar denominated bond projected to be worth USD1 billion.
After the loss of equity due to S&P edict, Danske Bank issues a new bond to replace its 2037 issued bond.
The New York Federal Reserve Bank retains bond purchasing policy.
The projected bond issue for the Verizon-Vodafone exit deal would exceed the previous high set by Apple.
Oracle's bond concession attracted the interest of many investors.
Vue Entertainment sells bonds for LBO funding
A strategist noted that politics in Portugal could lead to crisis.
Bond sale is in the offing for the Bi-State Development Agency for Missouri and Illinois.
Nigeria prepares for a new Eurobond issue worth another US$1 billion.