Treasury bond futures will probably extend today’s rebound as the contracts maintain the reversal of a short-term, technically oversold condition that developed this week, according to futures broker R.J. O’Brien & Associates LLC.
John Brady, co-head of MF Global Inc.’s Chicago office, was having a vodka cocktail at the Ritz- Carlton in Naples, Florida, overlooking the Gulf of Mexico, on the day his company reported its largest-ever quarterly loss.
A unit of Oaktree Capital Group LLC, the world’s biggest distressed-debt investor, bought 40 office buildings for $240 million from a real estate investment trust that’s selling assets to repay shareholders.
Demand for options that profit if Treasury yields fall this week has surged as traders speculate that the outcome of the Presidential and Congressional elections will give U.S. government bonds a boost.
Natural gas fell for the first time in three days as a government report showed a decline in inventories that was smaller than forecast. RJ O'Brien & Associates Senior Vice President John Brady talks with Sara Eisen on Bloomberg television's "Money Moves." (Source: Bloomberg)