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Bond Expert: Wednesday Outlook
Posted on June 25, 2008
Prices of Treasury coupon securities have slipped modestly in overnight trading as angst-filled investors await the announcement of the result of the FOMC conclave which will conclude today. ECB President Trichet reiterated that the ECB is on heightened alert and that added to the uncertainty and anxiety. Additionally, financial concerns diminished somewhat in Europe as Barclays (BCS) successfully raised nearly $9billion in new capital. (Quiz. Since the credit crisis began about a year ago, has there been even one equity deal which has been profitable for investors? I don t think so bu...
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