Dec 15, 2012

NYT: ALERT FGC BOLSA - FGC FINANCIAL MARKETS (December 15, 2012): Risk Creeps Up in Long-Term Bonds

December 15, 2012 Compiled: 12:26 AM

If rates rise, bondholders’ old bonds will lose value. If rates fall, their old bonds may be redeemed by the company, depriving the bondholders of yield.

A proposal to limit tax deductions might be politically popular, but it is not the evenhanded approach to closing loopholes it appears to be.

The United States is expected to reach its $16.4 trillion debt ceiling at the end of December, starting a countdown to when Washington runs out of money to pay its bills.

Gas prices fell 7.4 percent, the most in nearly four years, offsetting a small rise in food and pushing the overall index lower.

Stock indexes on Wall Street slipped on losses in technology shares and the stalemate in fiscal negotiations.