Interest rates

Grantham calls for prudent investing, says low interest rates hurting every asset class

Grantham calls for prudent investing, says low interest rates hurting every asset class

Jeremy Grantham's firm is allocating assets “with great difficulty,” he said while speaking at the 2015 Morningstar Investment Conference in Chicago on Wednesday.

June 25, 2015 | 11:07 am
Fed not ready to raise rates

Fed not ready to raise rates

A slight uptick in job gains for the second quarter did not persuade members of the Federal Open Market Committee to raise the federal funds rate.

June 17, 2015 | 04:01 pm
Making banks accountable

Making banks accountable

Pension funds, endowments, foundations and other asset owners — victims of manipulation of foreign exchange prices by four big banks and interest rate benchmarks by another — must demand...

June 01, 2015
SEC to propose that mutual funds disclose risk of rate rise

SEC to propose that mutual funds disclose risk of rate rise

The Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar...

May 20, 2015 | 11:37 am
Fed cites weakening economic data in reaffirming low rates

Fed cites weakening economic data in reaffirming low rates

The Federal Open Market Committee's decision to reaffirm the zero-to-0.25% target range for the federal funds rate at its April 28-29 meeting was based on weakening economic data, moving the path to...

May 20, 2015 | 03:29 pm

Penbridge unveils risk transfer index

Penbridge Advisors, a pension risk transfer advisory firm, has launched its Pension Risk Transfer index, which measures the typical premium an insurance company would charge a generic defined benefit ...

May 18, 2015
Moody's downgrades Chicago credit to junk on continuing pension concerns

Moody's downgrades Chicago credit to junk on continuing pension concerns

Moody's Investors Service downgraded the city of Chicago's credit rating to Ba1 from Baa2 as a result of the Illinois Supreme Court's ruling May 8 that the Illinois pension reform law of 2013 is...

May 12, 2015 | 05:33 pm
Yellen on the question of wages

Yellen on the question of wages

Fed Chair Janet Yellen has stressed the importance of wage inflation in influencing the Federal Open Market Committee's decision to start raising interest rates. April's average hourly earnings for...

May 11, 2015 | 09:54 am

Fed still assessing progress, sticks with low federal fund rates

Members of the Federal Open Market Committee reaffirmed their view Wednesday that the current zero to 0.25% target range for the federal funds rate remains appropriate.

April 29, 2015 | 03:48 pm

Milken conference: Real estate, housing seen as bright spots for U.S. in 2015

Uncertainty about when the Federal Reserve will begin to consider raising interest rates is a continued distraction, but the U.S. does have some bright spots like real estate and housing, panelists...

April 28, 2015 | 04:50 pm
Corporate pension funding ratios fall in 1st quarter, reports say

Corporate pension funding ratios fall in 1st quarter, reports say

Funding ratios of U.S. corporate defined benefit plans fell further in the first quarter of 2015, three new reports state, as liabilities rose faster than assets.

April 20, 2015
Monetary policy: It's all relative

Monetary policy: It's all relative

We have each separately made the case that asset pricing theory and investment practice for funding retirement should focus on how much income the member has in retirement instead of the amount of...

April 16, 2015 | 12:07 pm
IACPM: Credit default concerns increase in North America, improve in Europe

IACPM: Credit default concerns increase in North America, improve in Europe

Credit portfolio managers are growing more optimistic about the credit outlook in Europe, while growing more pessimistic about the outlook in North America

April 16, 2015 | 08:00 am

Big money sells in bond market as PIMCO cuts government holdings

PIMCO is selling in the U.S. government debt market, while Morgan Stanley says yields will rise.

April 13, 2015 | 10:52 am
Corporate funding ratios dip in first quarter — 2 reports

Corporate funding ratios dip in first quarter — 2 reports

The aggregate funded status of S&P 500 companies with defined benefit plans fell 120 basis points to 82% in the first quarter as liability growth outpaced assets, Aon Hewitt said.

April 10, 2015 | 02:12 pm