Most American families bought at least one bond during WWII and never cashed them in. These "Series E" war bonds continued to be sold by the federal government until 1980. Now more than $16 billion worth of the bonds are unclaimed and state attorney generals are suing the Treasury Department saying that they made no effort to find the people who owned the bonds for many years.

When Warren Buffett speaks, people listen. Now everyone is trying to figure out what Buffett and his company, Berkshire Hathaway is exactly saying after their moves during the second quarter of 2009. A period in which Buffett and Berkshire sold more stocks and invested more in bonds than in a five year period. The question people are asking is what does it mean when Buffett sells stocks and buys bonds?

Dow Jones Industrial reaches 9000, on the news of improved profits and house sales. Ford and The Labor Department on the opposite sides of the story.

If you are monitoring the current mortgage rates grab your mortgage calculator and be ready for another volatile week. With a record supply of Treasury auctions it should very interesting.

Italian, and Japanese news agencies are reporting an investigation is underway after a seizure of $134 billion worth of U.S. bonds. 2 men, suspected to be Japanese citizens, were attempting to cross the Italian border into Switzerland.

Syncora, aka SCA, was ordered by regulators to stop paying out claims, triggering a default on $18 billion in credit default swaps written on the bond insurer’s own debt. The likely payout on the CDS is estimated to be around $1 billion.

If you think that the rally in financials for the past few days has been a spectacle, and I do, it's nothing compared to the radical move in the bond market today. The Fed announcement said in a statement that it would buy $300 billion in Treasuries and purchase an additional $750 billion of mortgage-backed securities.

According to the Wall Street Journal, more and more companies that issued PIK toggle bonds during the private equity boom are opting to pay investors more debt rather than interest. For those unfamiliar with PIK toggles, it is debt issued with the option to substitute interest payments for more debt.

Top state officials will urge House lawmakers on Wednesday to support their effort to change the way credit-rating agencies evaluate bonds given by state and local governments.

Assured Guaranty Ltd. (NYSE:AGO) ("Assured" or "the Company") announced today that it has signed an agreement for WL Ross & Co. LLC ("WL Ross") to purchase $250 million of common shares of Assured and to provide a commitment to purchase up to $750 million of additional common shares of Assured at the option of the Company. The closing of the initial $250 million investment is subject to regulatory approvals and other customary conditions.

The Ministry of Finance said on Wednesday that China will issue 28 billion yuan (3.9 billion U.S. dollars) worth of long term book-entry treasury bonds, with a fixed annual interest rate of 4.16 percent.

Bond insurer MBIA Inc. announced its second consecutive quarterly net loss of USD 3.5 billion on derivative write-downs.