Bonds

BofA Inks $1.65B Mortgage Settlement with MBIA

BofA will pay MBIA $1.6 billion to to settle a long legal battle over mortgage putbacks. As part of the agreement the banking giant will also glean the ability to buy 4.9% of MBIA. 

'Fed Fatigue' Has Set In

Markets are taking a pause from basing every move on the latest rhetoric out of the Fed regarding the timing of the first interest rate hike in nearly a decade.

Muni Bond Champion James Lebenthal Dies at 86

James Lebenthal, the U.S. municipal bond market's biggest champion and most eloquent spokesman, died following a heart attack at age 86, his daughter said on Friday.

Will the Fed Taper Wednesday?

The last thing the Fed wants to do is pull back its stimulus only to have to reverse course. More likely, the Fed is happy to take an extra month or two before it begins curtailing its bond purchases to ensure the slow progress in the labor market is sustainable.