After having risen 19 basis points the first week of July, the yield on the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index dropped 20 basis points from the July 3rd 2.72% to its current 2.52%, offsetting the initial increase. The move up in yield to start July was the largest weekly jump since last Read more […]
On my daily commute to New York City via New Jersey Transit today I overheard a conversation on the train that started with “Back when I was a kid”. Though the start of the conversation had grabbed my attention, the rest became a blur as the statement had triggered memories that related to the current Read more […]
The index is up 0.42% month-to-date. Here is a performance review of the top & bottom 10 issues within the index. Top 10 Issues May has been a good month for MBIA so far. The insurer settled a 2008 legal dispute with Bank of America concerning bad mortgage debt. The $1.7 billion settlement later led Read more […]