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What keeps Bill Gross up at night: Winged Eagles

When the “Bond King” who manages the world’s largest bond fund at Pimco loses sleep, we should ask why.  Bill Gross is famous (or infamous) for writing self-certified philosophical pontifications of the markets.  In his latest, he agrees with his partner Mohamed, but that the “T” the markets might experience might resemble more a “winged […]

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Auction System Failure Forces US Treasury To Postpone 3, 6-Month Bill Auctions

It’s hard to believe that the computer systems running multi-billion dollar markets are crashing, like the Nasdaq has been doing on a near weekly basis.  But now it’s happening to the US Treasury market.  It makes one wonder about the real stability of our markets, when the systems that run them are constantly breaking. While […]

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