Lenders from JPMorgan Chase & Co. to Bank of America Corp. warned that corporate-bond buyers were in for another year of rising yields that would erode returns. China, the polar vortex and Vladimir Putin are upending those forecasts.
Corporate bond trading volumes are surging the most since 2008 as buyers wager they’ll be able to reap more gains before the Federal Reserve starts tapering stimulus that’s fueled a record rally in the debt.
The U.S. Securities and Exchange Commission accused three former executives of Syntax-Brillian Corp. of booking fake sales of high-definition televisions in China to artificially inflate the firm’s earnings.
Twenty-five of the best-paid chief executive officers in the U.S. earned more in salary and other compensation in 2010 than their companies’ federal income tax expenses as disclosed in public filings, according to a report by the Institute for Policy Studies.