U.S. Two-Year Treasury Yields Fall to Lowest This Year on Refuge Buying Nov 21, 2009
The emphasis on low inflation and economic slack solidifies the message once again that the Feds dovish stance of a lower-for-longer policy with respect to rates is here to stay, said , chief technical strategist in New York at primary dealer Jefferies Group Inc.. The difference between rates on 10-year notes and Treasury Inflation Protected Securities, or , which reflects the outlook among traders for consumer prices, widened to 2. (Bloomberg -- US)
New York Offering Will Lead Biggest Week for Muni Bond Sales Since April Nov 16, 2009
Banks led by Jefferies Group Inc. and Wells Fargo & Co. will underwrite the offering, the sixth of $1 billion or larger in the state since the beginning of October. The money raised will fund capital projects including work at San Quentin State Prison, veterans homes in Fresno and Redding and the J. Paul Leonard & Sutro Library at San Francisco State University. (Bloomberg -- US)
Wall Street Makes It Hard to Earn Legal Living Nov 13, 2009
a former money manager for Jefferies Group Inc.s Paragon Fund, was indicted by a federal grand jury last week for his role in the scheme. People who are looking from the outside at the Galleon hedge fund insider-trading case may also be thinking, How could they have been so stupid. (Bloomberg -- Columnists)
Boston's Suffolk University to Lead Tax-Exempt Bond Sales With Refinancing Nov 12, 2009
Banks led by Jefferies Group Inc. and Wells Fargo & Co. will underwrite the offering, the sixth of at least $1 billion in the state since the beginning of October. The debt carries a BBB- from Fitch Ratings, the lowest investment grade. (Bloomberg -- US)
Brazil Stocks Gain as Banks, ALL Rally on Earnings Outlook; Real Advances Nov 4, 2009
Vale, being a metal producer in a world that still wants to own commodity exposure, is very attractive, said , chief strategist for emerging markets at Jefferies Group Inc. in New York. Real Outlook. (Bloomberg -- Latin America)
Red Flags for Junk Bonds Oct 30, 2009
"It's fairly dangerous right now to be going back in the soup so quickly after where we were," warned Richard Handler, the chief executive of Jefferies Group (), in an Oct. 20 conference call. The investment bank had just quadrupled its bond-trading revenue, thanks in no small part to the junk rally. (BusinessWeek)
Earnings Roundup: Supervalu, Western Union Oct 21, 2009
NEW YORK (AP) Investment bank Jefferies Group Inc. said it moved to a profit in the third quarter as it benefited from a dramatic improvement in fixed income and commodities revenue. Copyright 2009 The Associated Press. (ABC News -- Wire)
CEOs Showing Remorse Underestimating Shares Stifling '09 Convertible Sales Oct 19, 2009
Chief executive officers are reluctant to tap the market until theyre convinced the rally that drove the up 61 percent since March is over, bankers and analysts at Jefferies Group Inc. and Bank of America Corp. say. If we were looking to raise capital today, we would consider convertible bonds, but more than likely we would go with traditional debt markets, , the treasurer at Milwaukee-based , wrote in an e-mail. (Bloomberg -- US)
Banco do Brasil Plans to Sell Perpetual Dollar Bonds in Overseas Markets Oct 8, 2009
Were not getting to saturation yet but were closer than two months ago, , chief strategist for emerging markets at Jefferies Group Inc., said in a telephone interview from New York. The extra yield investors demand to own emerging-markets corporate bonds instead of U.S. Treasuries narrowed by 5. (Bloomberg -- Latin America)
Canadian Natural Gas ETFs Hit Record Volume as Volatility Rises on Price Sep 19, 2009
People likely started looking for alternatives to UNG, said , an equity derivatives strategies at Jefferies Group Inc. in New York. The Canadian double-long fund provides cheap leverage and probably benefited from the alternatives trading at a premium, he said. (Bloomberg -- Canada)
Berkshire, Leucadia to Purchase Capmark Assets as Lender Weighs Bankruptcy Sep 3, 2009
Leucadia also owns about 30 percent of Jefferies Group Inc., the New York investment bank. Capmark, GMAC. (Bloomberg -- US)
Morgan Stanley Said to Seek Sale or Partnership of Van Kampen Fund Unit Aug 26, 2009
and Inc., based in San Mateo, California, are among asset-management firms interested in an acquisition, said , a San Francisco-based analyst at Jefferies Group Inc.. They have the financial capacity, and desire from a management perspective to take advantage of market opportunities, and have a history of doing deals, said Fannon, who Invesco buy and doesnt rate Franklin. (Bloomberg -- US)
Treasuries Post Biggest Weekly Drop Since 2003 as Unemployment Rate Falls Aug 8, 2009
The supply and the slightly improving economy will keep pressure on rates, said , chief technical strategist in New York at Jefferies Group Inc., one of the 18 primary dealers that trade with the Federal Reserve. It wont move the Fed any closer to tightening because they dont want to derail any recovery. (Bloomberg -- US)
Cemex Bond Yields May Tumble After it Reaches Debt Accord, Jefferies Says Aug 1, 2009
July 31 (Bloomberg) -- Cemex SABs euro bond yields may tumble as much as 3 percentage points after the worlds third- largest cement maker reaches an agreement with creditors on refinancing $15 billion of bank debt, said , chief strategist for emerging markets at Jefferies Group Inc.. Cemex has 90 percent creditor support for a plan to refinance the debt, , the companys chief of finance, said July 29. (Bloomberg -- Latin America)
Slap Speculators in Bondage So Free Markets Choke: Mark Gilbert Jul 30, 2009
Hey, if its good enough for Nomura Holdings Inc., Jefferies Group Inc. and RBC Capital Markets, all of whom joined the gang this year, its good enough for any non-speculator. ( is a Bloomberg News columnist. (Bloomberg -- Columnists)
Treasuries Little Changed as Stocks Increase, Next Week's Auctions Loom Jul 26, 2009
The stock market is important because theres a reversal of risk aversion, said , chief technical strategist in New York at primary dealer Jefferies Group Inc. Investors are selling Treasuries and buying higher yielding assets and commodities. . (Bloomberg)
New York Fed announces investor advisory group Jul 25, 2009
Jefferies Group, Inc. (NYSE: JEF) today announced that it will hold a conference call with management on July 21, 2009 to discuss 2009 second quarter financial results ... Jefferies ny, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), announced today that the firm is significantly expanding its global healthcare investment banking effort with over 35 experienced professionals, including 16 managing directors and senior vice presidents across the U.S., Europe and... (Fresno Bee -- Business)
Analyst Picks and Pans: Bed Bath & Beyond, Jefferies, VCA Jun 26, 2009
Jefferies Group Inc. () ... Jefferies Group released a surprisingly strong outlook for its second quarter and analysts raised their earnings estimates for the next two years. (BusinessWeek)
AOL Is Worth Half of Facebook, 5% of Google as $124 Billion Merger Undone May 29, 2009
Its gone from the only game in town to an also-ran, , an equity strategist at Jefferies Group Inc. in New York, said of AOL. When it bought Time Warner in 2001, they were a giant dialup Internet provider with huge, growing revenue. . (Bloomberg)
U.S. Stocks Fall After Chevron, Boeing Forecast Lower Earnings; GM Slumps Apr 14, 2009
It hardly seems like a time you want to be short banks, Citi in particular, said , an equity strategist at Jefferies Group Inc. in New York. They report this week and Wells Fargo had those good numbers last week so it could be time for an upside surprise. (Bloomberg -- Canada)
German Stocks Rise, Led by Carmakers; DAX Index Caps Fourth Weekly Advance Apr 4, 2009
67 euros as Jefferies Group Inc. upgraded the medical-packaging company to buy from hold. . (Bloomberg -- Germany)
Around the nation Feb 17, 2009
A unit of Jefferies Group, the New York brokerage that specializes in midsize companies, received a subpoena from Irving Picard, the trustee seeking to liquidate Bernard L. Madoff Investment Securities and pay investors in the alleged Ponzi scheme. Comments. (Houston Chronicle)
