Feeds
Bond yields are heading higher again, a troubling trend for potential homebuyers or mortgage holders looking to refinance.
Long-term borrowing rates fell back on Thursday as investors returned in numbers to pick up newly issued Treasury notes.
Treasurys dipped Tuesday after Federal Reserve Chairman Ben Bernanke said the economy should start growing again later this year.
Treasury prices rose Friday as stocks tumbled and investors worried about the health of the banking industry.
Treasury prices gave up some of the previous session's gains Wednesday, as investors grew wary again about upcoming supply.
Since the start of the financial meltdown, government officials have faced a chicken-and-egg question: Will healthy credit markets fix the economy or does a healthy economy fix the credit markets?
Investors swarmed back into government debt Tuesday after the Treasury Secretary announced a new plan for the ailing banking sector that the market deemed extremely low on details.
Treasurys rebounded from their string of declines Tuesday after the government auctioned off $40 billion in two-year notes without a hitch.
The cost of three-month dollar loans between banks fell Monday following two days of increases after the U.S. government stepped in to shore up the finances of Bank of America Corp. and Citigroup Inc. said it was splitting itself in two.
Treasury prices rose Monday as stocks fell and anxiety returned to the markets about the financial health of U.S. companies.
Treasury bond yields extended their advance Monday as investors braced for the possibility that the government will have to issue even more debt than the market has anticipated.
Treasury prices advanced Monday as investors headed for the safety of government securities amid rising tensions in the Middle East between Israel and Hamas. Meanwhile, the interest rate on six-month U.S. Treasury bills dropped to its lowest level on record at the government's weekly auction.
The cost of three-month dollar loans between banks fell Monday in the wake of last week's decision by the U.S. Federal Reserve to cut its benchmark rate to near zero percent.
Investors know the future will bring either inflation or deflation, but they can't decide which. So they're erring on the side of a worst case scenario, keeping the credit markets in a stranglehold and Treasury notes extremely popular.
Interest rates on three-month dollar loans between banks fell for the third day running Thursday, while the equivalent European rates also fell ahead of the rate cuts from the European Central Bank and the Bank of England.
Treasury yields recovered modestly from historical lows Friday as investors sold government debt and swarmed back into stocks despite a report showing that half a million people lost their jobs last month.
Dollar lending rates between banks rose Monday despite the announcement of a U.S. plan to rescue troubled lender Citigroup Inc.
Lending rates on dollar loans between banks increased again Thursday, reversing a one-day improvement and suggesting that banks are again becoming concerned with funding their operations.
Mortgage rates sank again Wednesday, but investors are worried that getting a loan will still be a tough feat.
Dollar lending rates between banks rose for the third day running Monday after last week's turnabout by U.S. Treasury Secretary Hank Paulson on the $700 billion U.S. financial rescue program fostered renewed uncertainty in credit markets.
Treasury bonds continued their rally on Wednesday, with another dose of negative economic reports ushering investors into safer positions.
If investors are worried about Treasurys losing value in the coming months, they didn't show it on Monday — Treasury auctions drew strong demand as nervousness about the fragile U.S. economy ran high.
Key interbank lending rates in the U.S. and Europe fell further Tuesday, suggesting that lower borrowing costs, massive liquidity injections from central banks and government efforts to shore up the banking system are gradually bearing fruit.
The credit markets gave mixed signals on Election Day Tuesday, showing more gradual improvement in interbank lending but further troubles in such areas as corporate debt.
The recent decline in bank-to-bank lending rates is having no effect on corporate bonds, which continue to plunge in value — a sign that the market believes more loan defaults and a wave of bankruptcies are ahead for U.S. companies.
Peter J. Wallison: Barney Frank, Predatory Lender The common belief is that the credit meltdown was caused by a lack of regulations in the financial sector. The true cause was governmental interference and irrational regulations.
After Lehman, U.S. firms adjust to new face of creditA year after the collapse of investment bank Lehman Brothers, frozen credit markets are piecing themselves together again but the face of borrowing is dramatically different.
Arianna Huffington: My Late Night Visits from the Ghosts of Financial Outrages Past, Present, and FutureReading the business section these days is not for the faint of heart -- or those hoping to drift off to sleep. Instead, you end up like Scrooge, visited by the ghosts of outrages past, present, and future.
Prophet and LossBrooksley Born warned that unchecked trading in the credit market could lead to disaster, but power brokers in Washington ignored her. Now we're all paying the price.
Poor Gov. JindalLouisiana Gov. Bobby Jindal didn't stand a chance. The rising Republican star delivered his party's response to President Obama's hour-long address and simply didn't rise to the occasion.
US Treasury 'Bad Bank' plan to target $1tn in toxic real estate assetsUS Treasury Secretary Timothy Geithner admits the strategy will 'cost money, involve risk, and take time', as he outlines plans to create a public-private investment fund to help banks get rid of their 'legacy' loans and assets, as well as expand the government's lendin …
'Financial 9/11' struck over $6.9 trillion from US economy during 20082008 is over, and we have survived it. Though for some of us, just barely. 2008 saw the greatest financial losses in generations, as $6.9 trillion poured from investors' coffers in the worst series of cascading disasters since the Great Depression.
A merciful end to an abysmal financial yearThe last trading day of 2008 on Wall Street provided a merciful end to an abysmal year — the worst since the Great Depression, wiping out $6.9 trillion in stock market wealth.
Fed, Treasury offer 800 billion dlrs more to credit marketsWASHINGTON (AFP) — US authorities launched fresh efforts Tuesday to unfreeze credit and limit the economic downturn with programs to buy up to 800 billion dollars in mortgage- and asset-backed securities.
As I watch the news each day, with everything happening in the markets, I can't help but glean a certain amount of happiness with each bank that falls. I am praying with every fiber of my being that without the backing of the banks, credit card companies will be next.
Mr. Paulson's Client Call it bailout, take two. With credit markets frozen and the financial system teetering on collapse, Treasury Secretary Henry Paulson has decided to invest $250 billion directly in the nation's banks in exchange for an ownership stake. It is a bold move for a desperate time.
The news has been dominated by the current credit crises affecting global markets. Due to extensive media coverage, many Americans are now familiar with how Freddie and Fannie affect the secondary mortgage markets and what subprime and alt A loans are.
House Reverses Field, Votes 'Yes' on Bailout - BusinessWeekIn an about-face after a week of market turmoil and legislative maneuvering, the House of Representatives gave the Bush Administration broad authority on Friday, Oct. 3, to invest as much as $700 billion in the troubled market for mortgages and related securities.
Friday, October 3, 2008 O.k., I am not smart and no one can make me.......... But I am also NOT your average idiot.......hmmmm, may have to rethink the way I say that....... Anyway, I hope my zeros are not to far off. Where will all of this money come from?
Does House Republican Resistance Make Sense for Their Constituency?...that of the House Republican Study Committee, seems to be a joke.
Car Dealerships Disappearing, Deserted Lots Left"The economy is hitting everybody, but the rising gas prices and banking problems are causing major concerns for auto dealerships. While they move out, others are moving in.
Angry hedge fund clients at the gate - The Boston GlobeInvestors in 'gray markets' are getting angry. Those exhorbitant fees they are paying look like nothing but tides coming in - and going out - that have been floating their returns boats.
More Than 400 Defendants Charged for Roles in Mortgage Fraud Schemes as Part of Operation "Malicious Mortgage"The Department of Justice and Federal Bureau of Investigation (FBI) announced today a national takedown of mortgage fraud schemes, the culmination of substantial coordinated efforts during the last three and a half months to identify, arrest and prosecute mortgage fraud violators …
Bank of America Earnings Plummet 77%Bank of America, which has a sprawling business in personal and commercial loans, reported a 77 percent decline in profit Monday, the latest indication of how financial troubles that started with subprime mortgages have spread across the credit markets.
Wall Street Firms Cut 34,000 Jobs, Most Since 2001 Dot-Com Bust Wall Street banks hit by mortgage losses and writedowns have cut more than 34,000 jobs in the past nine months, the most since the dot-com boom fizzled in 2001.
Melt Looms Larger as Credit Markets FreezeThe latest update on the failing economic situation we're in, it seems almost as if it was engineered, the greedy and corrupt used to create it.
US Federal Reserve injects $200 billion into credit markets to avert financial meltdownThe Fed, far from pursuing a long-term, well considered strategic plan, is scrambling, along with its central bank counterparts internationally, to keep abreast of a rapidly widening and worsening economic crisis and contrive stop-gap measures to avert an immediate crash.
US Federal Reserve downgrades economic growth forecast for 2008The US Federal Reserve Board last week cut its US economic growth forecast for 2008 and upped its estimate of inflation.
SEC Proposes Cosmetic Regulations for Rating AgenciesAn interesting commentary comparing US and European attitudes towards regulation of rating agencies. Perhaps a bit too optimistic & favorable towards the European side.
Log In | Register
