Hints and tips:
...Government bond prices rose as yields fell. Watching from the White House, Biden administration officials would have cheered, too....
...Most loathed of all are the “rank and yank” or forced ranking reviews Jack Welch controversially championed when he ran General Electric....
...His 1986 purchase of the venerable investment bank Kidder Peabody proved catastrophic thanks to insider dealing scandals and huge losses racked up by a rogue bond trader....
...Diversification helps too: a broad portfolio of equities and bonds commands a higher LTV than a highly concentrated one....
...And the idea was that boards were supposed to balance out the totemic CEOs, the kind of Jack Welch-era individuals who we all put on a pedestal....
...Inamori’s fame as a management guru in Japan is equivalent to that of the former General Electric boss Jack Welch in the US, but their philosophies were nothing alike....
...After Unhedged’s China bonds note landed yesterday, an editor emailed from London to ask whether it is now accurate to call the Evergrande meltdown China’s “Lehman moment”. I don’t think so....
...But if they spy lucrative business down the line — such as managing share and bond portfolios or selling clients new shares as part of initial public offerings — bankers may offer them at knockdown prices...
...When the 2008 financial crisis struck, Welch’s successor Jeff Immelt relied on $130bn in bailout funds to survive....
...Treasury market liquidity drought Liquidity in the $22tn US government bond market has deteriorated in recent weeks, data show, adding to pressure on regulators to address failings in a market that acts...
...The hundreds of billions of dollars spent on share buybacks has contributed to a record $13.5tn global stock of non-financial corporate bonds....
...Our personal consumption is also linked to our expectation of wealth held in assets like stocks and bonds....
...-- Big tech’s Yes Men soothe each other’s nerves -- Donald Trump Jr gets heckled on campus...by the right -- Limewire: an oral history -- Labour share and US inequality -- Song of the day: Gillian Welch...
...Esma chair Steven Maijoor has said a new European standard for green bonds needs to be developed....
...American insurers have profited from rising asset values but are only now realising the problem of replacing maturing high coupon bonds with low coupon instruments — reinvestment risk....
...The flight to safety led to big increases in the prices of government bonds....
...Legendary JPMorgan banker Jimmy Lee, who died in 2015, held the connection with Mr Welch’s successor Jeffrey Immelt, who ran the company for 16 years....
...This year, when its credit rating was downgraded, borrowing costs went up and a negative spiral began, with investors selling off both the company’s stock and its bonds....
...But it also reflected the lustre accorded to Mr Welch by the stock market....
...Another compared it to Jack Welch’s cowboy-booted, table-banging attempt to rescue the GE-Honeywell deal....
...According to John Gapper, the answer lies in an aggressive deal-making strategy pursued by Mr Flannery's predecessors, Jeff Immelt and Jack Welch....
...The spread of Spanish 10-year bond yields over bunds has risen by about 2bps this year; and Spanish bonds still trade at a much lower yield than treasuries: And to remember when the rivalry between Catalonia...
...Shirley Bassey gave it plenty of welly in 1959 with a stentorian version that sounded like a Bond theme in waiting....
...These include strengthening competition policy, developing energy and industrial strategies, encouraging research and development and issuing Treasury infrastructure bonds....
...On one shelf is the entire collection of Bond films. “In the early Ian Fleming books, Bond has a Beretta,” he points out, although these days 007 prefers a Walther PPK....
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