US TSYS: Commodity Futures Trading Commission/Commitment of Traders data for the period ending Aril 15 has been released. The latest report showed large speculative accounts added to shorts in Eurodollars, 5- and 10-year notes, pared shorts in Fed funds and the 2-year note. In the long end, the group reversed a net short to marginally long in the Ultra-bond while adding to longs in the 30-year Bond. In Eurodollar futures, large spec positions added to net shorts by -28,128 to -1,231,654, while they pared shorts in Fed funds by +1,590 to -55,827. In notes, large specs pared shorts in the 2-year note by +35,510 to -52,583, added to net shorts in the 5-year note by -12,817 to -141,802 and added net shorts in the 10-year note by -7,104 to finish the period -162,278. Out the curve, large specs added to net longs in the 30-year Bond by +10,815 to finish +23,602, and flipped from net short -9,025 in the Ultra-bond to finish +96, a net change of +9,121.
NEW YORK-- Student lender Sallie Mae on Friday named Steven McGarry as chief financial officer and executive vice president of the future holding company of Sallie Mae Bank. McGarry will take up the new role as soon as the company has completed the planned separation of its consumer banking and loan management, servicing and asset recovery businesses. The news was announced by Raymond Quinlan, who will become chief executive and chairman of the board of Sallie Mae as soon as the...
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss
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