Verizon Communications Inc. plans to sell $45 billion to $49 billion of bonds in an eight-part offering as soon as tomorrow that would be the largest ever, according to people with knowledge of the transaction.
The cost to protect against losses on corporate bonds in the U.S. climbed to a more than six-week high as speculation swelled that the Federal Reserve will trim its bond purchases next month. Western Union Co. sold $250 million of two-year floating-rate notes.
Andrew Brenner, the former head of emerging markets and special situations at Guggenheim Capital Markets LLC, has joined National Alliance Securities’ capital markets group as head of international fixed income.
German bunds have proven better than Treasuries since the start of the global financial crisis five years ago as U.S. stimulus measures and record deficits keep investors wary of a resurgence of inflation.
Debt linked to Brazil’s real may fall as Japanese investors, the largest holders of the bonds, bring funds home to pay for reconstruction following the nation’s earthquake, according to Guggenheim Capital Markets.
Competition among nine U.S. options exchanges following regulatory changes aimed at saving money for investors is causing some of the biggest participants to reduce their trading, a Tabb Group LLC report said.
Canceling trades in stocks that fell 60 percent during last week’s plunge reflected a policy to erase pricing “errors,” said Eric Noll , executive vice president for transaction services at Nasdaq OMX Group Inc.
Former Republican House Speaker Newt Gingrich says Barack Obama’s policies are “artificially extending the recession.” Congressman John Boehner , the party’s leader in the House, says “stimulus policies aren’t working.” Republican Senator Jim Bunning calls Federal Reserve Chairman Ben S. Bernanke’s tenure “a failure.”