Morning Money Links: Bond bears growl louder; SEC takes on high-frequency trading; another Goldman scandal? - Los Angeles Times
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Morning Money Links: Bond bears growl louder; SEC takes on high-frequency trading; another Goldman scandal?

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--- The bond-bear cave gets more crowded: A Bloomberg survey shows investors are the most bearish on Treasury securities in more than two years -- because they’re more optimistic on the global economy, and so expect interest rates to go up. The Treasury today sold $21 billion of new 10-year notes at a yield of 3.75%; the T-note yield had been as low as 3.20% as recently as Nov. 30.

--- Better late than never: The Securities and Exchange Commission starts asking serious questions about “high-frequency trading†in the stock market -- who benefits and who loses.

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--- ‘Talking your book’ versus ‘front-running’ your client: Kid Dynamite weighs in on the latest Goldman Sachs controversy.

--- A history of the financial crisis, live on your PC: The Financial Crisis Inquiry Commission is live-streaming its inaugural hearings today and Thursday. Go here to tune in.

--- Shameless self interest: Wilbur Ross, the vulture investor whose International Automotive Components Group is a major auto parts supplier, calls for a new U.S. ‘cash for clunkers’ program.

-- Tom Petruno

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