Look at what happened
in the auction rate securities market.
Also the borrow short, lend long inherent
in Auction Rate Securities, TOBs, and other speculations that make wondeful sense occasionally, but players stay too long.
In 2008, state offices began receiving hundreds of complaints from Main Street investors alleging that several Wall Street firms had misled them by falsely assuring that investments
in auction rate securities we as safe and liquid as cash.
New York: Attorney General Cuomo Announces Settlement With Wachovia To Recover Billions For Investors
In Auction Rate Securities, August 15, 2008
Massachusetts: Secretary Galvin Charges UBS with Fraud
in Auction Rate Securities Dealings, June 26, 2008
Wells Fargo Investments LLC: State Securities Regulators Announce $ 1.3 Billion Settlement with Wells Fargo Investors
in Auction Rate Securities Investigations, November 18, 2009
New York: Attorney General Cuomo Announces Settlements With JP Morgan And Morgan Stanley To Recover Billions For Investors
In Auction Rate Securities, August 14, 2008
Bank of America RBC Capital Markets Corp.: State Securities Regulators Announce Settlement with Bank of America and RBC Capital Markets Corp.
in Auction Rate Securities Investigations, October 8, 2008
Citigroup: Securities Regulators Announce Settlement with Citigroup
in Auction Rate Securities Investigation, August 7, 2008
New York: Attorney General Cuomo Announces Landmark Settlement With Citigroup To Recover Billions
In Auction Rate Securities For Investors Nationwide, August 7, 2008
Texas: Securities Regulators Announce Settlement with Citigroup
in Auction Rate Securities Investigation, August 7, 2008
As investor complaints to states increased, the North American Securities Administrators Association announced in April 2008 the formation of a multi-state Task Force, comprised of securities regulators in 12 states, to investigate whether the nation's prominent Wall Street firms had systematically misled investors when placing
them in auction rate securities.
Credit Suisse Securities: State Securities Regulators Announce Settlement with Credit Suisse Securities
in Auction Rate Securities Investigation, September 16, 2008
Massachusetts: Secretary Galvin Charges Merrill Lynch with Fraud
in Auction Rate Securities Dealings, July 31, 2008
Inc.: State Securities Regulators Announce Settlement with Stifel, Nicolaus & Co., Inc.
in Auction Rate Securities Investigations, December 29, 2009
State securities regulators have led the national effort to give investors access to billions of dollars of their funds, which have been frozen
in the auction rate securities markets.
New York: Attorney General Cuomo Announces Settlements With Merrill Lynch, Goldman Sachs, And Deutsche Bank To Recover Billions For Investors
In Auction Rate Securities, August 21, 2008
Since 2008, Genesis Global Trading has traded over $ 30 billion
in auction rate securities and other illiquid assets.
Not exact matches
NEW YORK, May 2 - U.S. «There are no TIPS increases, which tends to reduce the effective duration of the forward
auctions,» said Jim Vogel, interest
rates strategist, at FTN Financial
in Memphis, Tennessee.
Instead of an
auction model, where consumers post jobs and contractors bid on them,
in the new system, contractors post their hourly
rates, taking a step out of the booking process.
SecondMarket is the largest centralized marketplace and
auction platform for illiquid assets, such as asset - backed securities,
auction -
rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock, residential and commercial mortgage - backed securities, restricted securities and block trades
in public companies, and whole loans.
According to Aitken, borro's
rates — 2.99 to 3.99 percent
in monthly interest, plus 5 to 7 percent
in setup fees — are often lower than the cost associated with selling personal assets by
auction.
Threats from debt -
rating agencies to strip the country of its sterling credit
rating and investors» lacklustre response to a bond
auction in November are just two signs that this reality is beginning to sink
in.
Although
rates on federal student loans are fixed for life,
rates for new borrowers are reset annually, based on the outcome of an
auction of 10 - year Treasury notes held
in July.
Announcement of
auction results - The weighted average award
rate and total amount lent for each issue will be released
in a timely manner after the
auction is complete.
In the second
auction, the Desk will
auction Treasury collateral for loan against a pledge of AAA / Aaa -
rated private - label residential MBS not on review for downgrade, as well as collateral currently eligible for Desk repurchase transactions.
In the third leg of the auction, the Treasury sold 470 million euros in paper maturing in 2026 at a marginal rate of 5.569 percent, down from 6.218 percent in Jul
In the third leg of the
auction, the Treasury sold 470 million euros
in paper maturing in 2026 at a marginal rate of 5.569 percent, down from 6.218 percent in Jul
in paper maturing
in 2026 at a marginal rate of 5.569 percent, down from 6.218 percent in Jul
in 2026 at a marginal
rate of 5.569 percent, down from 6.218 percent
in Jul
in July.
[303][306]
In January 2012, the U.S. Treasury Borrowing Advisory Committee of the Securities Industry and Financial Markets Association unanimously recommended that government debt be allowed to
auction even lower, at negative absolute interest
rates.
To determine the
rate for undergraduate loans the Department of Education tacks 2.05 percentage points onto the
rate for 10 - year Treasury notes
auctioned in May.
In addition,
auction clearance
rates remain well down on a year ago, suggesting that vendors» price expectations are not being met.
AlphaFlash for algo traders AlphaFlash delivers global market moving macroeconomic indicators, treasury
auction data and Fitch
ratings directly to algorithmic applications
in machine - readable format.
May 3 - Rising costs start to squeeze American businesse CNN Money May 3 - Home Prices Jump Again And «$ 3 Gas Is Coming» Dollar Collapse May 3 - Gold price claws its way higher on Fed meeting and geopolitics Gold - Eagle May 2 - Q&A on SS Central America Gold Coins CoinWeek May 2 - Goldman says case for owning commodities has «rarely been stronger» than it is now CNBC May 2 - Gold, Silver See Corrective Bounces Ahead Of FOMC Statement Kitco May 1 - Gold Eagle Sales Still Faltering While Mining Output Collapses — Perfect Storm Daily Coin May 1 - Relentless USD Rally Is Precious Metal Kryptonite GoldSeek Apr 30 - Venezuelan Inflation: The Demise of Fiat Currency
in Real Time GoldSilver Apr 30 - Silver Market Update Clive P. Maund Apr 27 - Finest 1913 Liberty Head 5 - cent coin will headline ANA
auction Coin World Apr 27 - PCGS security features help police nab suspects
in robbery case Coin Update Apr 27 - The Most Famous Coin of Antiquity — the Athenian Owl Coin Week Apr 27 - Gold gains but remains vulnerable after Korean leaders meet Reuters Apr 26 - The Era of Very Low Inflation and Interest
Rates May Be Near an End NY Times Apr 26 - What Is Gold: Asset, Commodity, Currency Or Collectible?
When bidding noncompetitively you don't have to specify the
rate or yield you're willing to pay, but you're limited to a maximum of $ 5 million
in a single
auction.
Even with the
rate cut view for the longer run maintained by the market, there were no takers for 12 - month treasury bills
in the latest MTB
auction held on May 28, 2014.
We should therefore expect a sharp drop
in clearance
rates at
auctions if / once the banks implement this.
The creditworthiness of
auction -
rate preferred shares is a reflection of the assets
in the investment company.
If you get a mortgage
in Michigan (which you might not need to do if you score a bargain at
auction) you'll probably end up with a 30 - year fixed -
rate mortgage.
While there is a seasonal pattern
in auction clearances, such that they tend to decline over the second half of the year, the fall
in clearance
rates in November and December 2003 was noticeably greater than
in the previous two years (Graph 31).
Successful
auctions are not guarantee a successful
auction;
auctions can fail and,
in the event of a failed
auction, existing investorsmay not sell, but instead may continue to hold all or part of their ARS at the maximum
rate, as described
in the offering documents.
In some scenarios, loans may be put on a platform's online
auction for investors to bid on, making the interest
rate payable dependent on the investor bidding process.
Dresses have become works of art kept
in museums or
auctioned off at expensive
rates.
«
In November 2014, the CBN excluded telecommunications equipment from the Retail Dutch
Auction System, where the exchange
rate was N155 per dollar.
With a mere 3.5 percent down «qualified buyers» can use FHA loans to buy units at cut
rate auction prices at the Beacon, a massive multi-building complex set like a jewel
in a neighborhood where almost 30 percent of the residents live below the poverty line.
He, however, added that there was a change
in the marginal
rate from N315 / $ 1 during the last
auction to Wednesday's marginal
rate of N320.
Then,
in a second phase lasting until about 2020, BLM would withdraw the helium at an optimal
rate and sell through biannual
auctions.
These risks and uncertainties include, among others, those relating to our ability to obtain financing and to form collaborative relationships, uncertainty regarding potential future deterioration
in the market for
auction rate securities which could result
in additional permanent impairment charges, our ability to develop and market diagnostic products, the level of third party reimbursement for our products, risks related to preclinical and clinical development of pharmaceutical products, including the identification of compounds and the completion of clinical trials, the effect of government regulation and the regulatory approval processes, market acceptance, our ability to obtain and protect intellectual property rights for our products, dependence on collaborative relationships, the effect of competitive products, industry trends and other risks identified
in deCODE's filings with the Securities and Exchange Commission, including, without limitation, the risk factors identified
in our most recent Annual Report on Form 10 - K and any updates to those risk factors filed from time to time
in our Quarterly Reports on Form 10 - Q or Current Reports on Form 8 - K.
With an unannounced game far
in development, Volition found itself suddenly under new management, having been purchased at
auction for the surprisingly cut -
rate price of $ 22.3 million by German entertainment group Koch Media.
The evening is not a standout
in terms of sell - through
rate or big - money buys, but for a first event put on by a fledgling
auction house, it's a success.
Of the Amelia Island
auctions this year, Gooding & Company boasted the strongest results, leading the way with $ 35,937,250
in sales and a 95 percent sell - through
rate at its 87 - vehicle
auction.
With other supercars rising
in value at a staggering
rate, one Porsche Carrera GT offered at
auction currently looks great value