Lawsuit accuses Bank of America, Royal Bank of Scotland of rigging European government bond prices.
The erstwhile Bond King reveals surprises as he heads for retirement.
Buyers of the funds triple in number, although these securities are still a small part of carriers’ portfolios, study says.
State’s bond history and already badly funded pension shows little room for maneuver.
Their 0.65% increase last month makes up more than two-thirds of this year’s increase.
Moody’s warns that without public cuts, liabilities will eat 30% of state income.
Fear of a downturn creates a rise in de-risking.
Concept being applied to additional city departments.
SUAA proposal to be entertained Jan. 30.
Since bonds are rarely traded, pricing is difficult to verify, making it “ripe for abuse.”