Investment Instruments

The household sector held $1.62 trillion in municipal bonds in the fourth quarter of 2013, down from $1.647 trillion in the previous quarter and the lowest since $1.58 trillion in the first quarter of 2006.

The U.K. requires all employers to auto-enroll their uncovered workers, with the right to opt out.

The Federal Reserve's promise that it will keep key policy rates low for a substantial period of time is likely to convince investors this year, but that may change next year, said Pimco founder, managing director and CIO.

Philadelphia agreed to sell its natural gas utility to UIL Holdings Corp. for $1.86 billion, giving the fifth-largest U.S. city a needed cash injection for its pension fund.

The billionaire investor says public pension plans threaten the financial health of U.S. cities and states more than taxpayers realize.

Investors are snapping up exchange-traded bond funds (ETFs) at the fastest rate since the launch of the first bond ETF in 2002, according to TrimTabs Investment Research.