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  • Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

    Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday. Click the headline to read more.

Investments The Ticker

PIMCO's Simon: Investors shouldn't sell their soul for yield

Buying bonds for their yield is not the best approach if investors are sacrificing attention to the bonds’ prices, PIMCO's head of mortgage and asset-backed securities Scott Simon said, The Wall Street Journal reports.

"The road to hell is paved with positive carry," he said, repeating a mantra that traders say he’s proffered before.

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