“The delinquencies have been a disaster for many, many months.”

Rating companies began a new wave of rating cuts Thursday as they reassessed the fallout from deteriorating subprime loans, drawing increased scrutiny from investors who are questioning why the agencies failed … via BNET

Original post by BNET

The Dow Jones industrial average rose to record highs Thursday, with aluminum producer Alcoa Inc. via Canadian Business Magazine

Original post by Canadian Business Magazine

Posted on 07/11/2007 9:48:01 PM PDT by bruinbirdman Junk bonds have suffered a second day of mauling on Asian, European and US markets as investors shun risky credit, raising the risk of contagion for stock … via Free Republic

Original post by Free Republic

Now and then, a conservative columnist wonders why Americans have grown so sour about the country’s future. via The Seattle Times

Original post by The Seattle Times

China will allow insurers to double the share of assets invested in local equities to 10 percent after the stock market surged 87 percent this year, said industry executives briefed by the insurance regulator. via Bloomberg

Original post by Bloomberg

“There are certainly going to be some stiff headwinds, and at a minimum, we’re going to get some two-way price action here.”

U.S. Treasury prices declined Wednesday, facing a volatile session after Tuesday’s hefty gains.

At 11 a.m. EDT, the 10-year Treasury note was down $1.56 per $1,000 in face value, or 5/32 point, from its level at 5 p.m. Tuesday. Its yield, which moves in the opposite direction, rose to 5.04 percent from 5.02 percent.

The 30-year bond fell 12/32 point. Its yield rose to 5.14 percent from 5.12 percent.

The 2-year note fell 1/32 point. Its yield rose to 4.85 percent from 4.84 percent. Read more

Original post by The Associated Press