Cash Management

In his annual letter to shareholders, Warren Buffett promotes his buy-and-hold approach to investments for professionals, calling stock market liquidity a curse for many equity holders.

U.S. Treasury auction of inflation-linked bonds had lowest bid-to-cover ratio in over a dozen years, reflecting expectations that inflation will remain low.

U.S. Treasury auction of inflation-linked bonds had lowest bid-to-cover ratio in over a dozen years, reflecting expectations that inflation will remain low.

SEC may increase oversight of asset-manager risks, amid a growing focus on risk monitoring and data analytics.

SEC may increase oversight of asset-manager risks, amid a growing focus on risk monitoring and data analytics.

Rise of computers threatens to eliminate need for human traders; probes into possible rate manipulation don't help.

Rise of computers threatens to eliminate need for human traders; probes into possible rate manipulation don't help.

Banks have been increasing holdings of municipal bonds in recent years, but a proposal by the Fed, OCC, and FDIC would make munis less attractive.