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"That was a big bond for us," McCartney told me.
I have a big bond with the players.
A big bond auction in Spain on Thursday was met with lackluster demand from investors, with yields nearing 7 percent, a record.
There was also talk of nationalizing some pension funds and organizing a big bond issue to raise cash to put toward the bailout.
And if health care costs continue to burden domestic automakers, one immense item G.M. crossed off its to-do list was closing a pension financing gap that exceeded $18 billion after a big bond offering last summer.
A day after Virginia canceled the sale of a big bond offering amid turmoil in the market, California said yesterday that it might also delay a sale of tobacco bonds, scheduled for two weeks from now.
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Paul McCulley, a managing director at Pimco, a big bond-trading firm, accused the Fed of "breaking a covenant".
Trading desks could be pared down if volumes fail to rebound, says Ki Cho of PIMCO, a big bond-fund manager.
A big bond-market player wants to dress up its balance sheet; wizard bankers conjure up a solution using smoke and mirrors; and regulators strain to keep up with the tricks of high finance.
Yet those investors, such as Skandia, a big Swedish insurance company, which sensed impending crisis and refused to buy the government's debt, missed out on a big bond-market rally as deficits and debts were brought under control.
Private bond holders have voiced fears that a big bond-buying spree by the ECB would potentially leave them suffering bigger losses in the event of any sovereign default, because the Frankfurt-based central bank has insisted in the past that it will not take a "haircut" on its bond holdings.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com