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Why the Wall Street nose-dive? (Chicago Sun-Times) The stock market is always right. Nonetheless, I must admit to being more than a little annoyed that the stock market greeted the election results with a two-day nose-dive of more than 929 points, the worst two-day performance since 1987.
Iceland Bank Swap Sellers Face 97% Payout at Settlement Auction - Bloomberg Iceland Bank Swap Sellers Face 97% Payout at Settlement Auction Bloomberg - 1 hour ago The seizures triggered credit - default swaps on the banks' combined 43 billion euros ($55 billion) of debt and prompted the auctions by the International ... UPDATE 1-GMAC's bonds tumble after plan to exchange debt Reuters all 3 news articles
Treasuries Fall on Debt-Supply Concern as U.S. Economy Shrinks (Bloomberg) Oct. 30 (Bloomberg) -- Treasuries dropped, pushing 10-year yields to the highest in two weeks, amid concern the Federal Reserve's efforts to unfreeze credit markets and prop up the financial system will swell sales of government debt.