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Mark & Associates, P.C. & Burke, Harvey & Frankowski, LLC File FINRA Arbitration on Behalf of Morgan Keegan Bond Fund Investor

UNIONDALE, N.Y., May 16 /PRNewswire/ -- Mark & Associates, P.C. () and Burke, Harvey & Frankowski, LLC announce that they have filed an arbitration request with the Financial Industry Regulation Authority "FINRA" (FINRA Dispute Number 08-01562) on behalf of a client of Morgan Keegan who lost in excess of $104,000 after investing in two Morgan Keegan Bond Funds, Morgan Keegan Multi-Sector...

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Fitch Rates Chase Issuance Trust CHASEseries Class A, (2008-7) Notes

NEW YORK--(BUSINESS WIRE)--Fitch rates Chase Issuance Trust CHASEseries Class A, (2008-7) Notes as follows: --$1,500,000,000 1mL+0.65% class A (2008-7) 'AAA'.

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Fitch Affirms Calamos Strategic Total Return Fund's Preferred Shares at 'AAA'

NEW YORK--(BUSINESS WIRE)--Fitch affirms the rating assigned to the auction rate cumulative preferred shares series M, TU, W, TH, F, A and B issued by the Calamos Strategic Total Return Fund

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The Fall of the Bond Markets

The current question that is being asked in the stock is why is the bond market selling off. While there is a number of excuses there are real reasons this is occurring. First and foremost there are more seller than buyers. Most financial professions over look the simple and straight forward answer. They often focus on [...]

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Fitch Rates Chase Issuance Trust CHASEseries Class A, (2008-8) Notes

NEW YORK--(BUSINESS WIRE)--Fitch rates Chase Issuance Trust CHASEseries Class A, (2008-8) Notes as follows: --$800,000,000 1mL+1.20% class A (2008-8) 'AAA'.

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National Bank of Canada: National Bank Securities Inc. Reduces Management Fees on National Bank Global Bond Fund

MONTREAL, QUEBEC--(Marketwire - May 16, 2008) - National Bank of Canada (TSX:NA)National Bank Securities Inc., the subisidary that manages National Bank Mutual Funds, has announced that it is reducing the management fees on the Investor and Advisor series of the National Bank Global Bond Fund from 1.75% to 1.50%, effective immediately.The lower management fees on the National Bank...

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Yorkshire Building Society to launch two-year fixed rate bond

Yorkshire Building Society has announced that it will launch a new two-year fixed rate savings bond paying a rate of 6.50% gross per annum with a monthly interest option.

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New lease of life for mortgage-backed bonds

The Australian mortgage-backed bond market, which shut down last year in response to the global credit crisis, is showing tentative signs of life

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Fitch Rates Massachusetts HFA $11MM Housing Bonds 2008A Block III 'AA-'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'AA-' rating to Massachusetts Housing Finance Agency's (MassHousing) $11.01 million housing bonds, 2008 series A - Block III

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New York says cancelling bond insurance legal

WASHINGTON (Reuters) - U.S. municipal bond issuers may cancel their bond insurance without risk of breaking the law under certain conditions, according to a letter from the New York Insurance Department obtained by Reuters on Thursday.

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Fitch Rates NiSource Finance $700MM Notes 'BBB'

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a 'BBB' rating to NiSource Finance Corp.'s (NI Finance) $500 million 6.80 % notes due 2019 and $200 million 6.15% Notes due 2013. The 6.15%

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Fitch Rates SMUD's $510MM Series U Elec Refg Revs 'A'; Outlook to Stable

NEW YORK--(BUSINESS WIRE)--Fitch assigns an underlying 'A' rating to Sacramento Municipal Utility District's (SMUD or the district) approximately $510 million, 2008 series U electric revenue

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Fitch Rates Romeoville, Illinois $46.9MM GOs 'A+'

CHICAGO--(BUSINESS WIRE)--Fitch Ratings assigns an 'A+' rating to the following Village of Romeoville, Illinois' (the village) general obligation (GO) bonds:

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Fitch Withdraws Calamos Global Total Return Fund's Preferred Stock Rating

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has withdrawn the 'AAA' rating on Calamos Global Total Return Fund's 2,360 series T of auction rate preferred stock (ARPS).

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Fitch Takes Various Actions on 5 IndyMac Alt-A Deals

NEW YORK--(BUSINESS WIRE)--Fitch Ratings has taken the following rating actions on the mezzanine/subordinate bonds on the IndyMac MBS, Inc. transactions listed below: