Written by The federal government borrowed $32 billion from investors for three years at the lowest rate on record READ MORE »
Posts in category Global Economy
Foreclosure mess doesn’t dent bank stocks
Bank shares have proved resilient despite the widening U.S. foreclosure crisis, as investors view the growing furor over foreclosures as a procedural problem instead of a deeper issue of how homes are repossessed. READ MORE »
U.S. backs off in currency dispute with China
The Obama administration backed away on Friday from a showdown with Beijing over the value of China’s currency that would have caused new frictions between the world’s only superpower and its largest creditor. READ MORE »
Gold steady, after sharp falls on China rate hike
Gold held steady on Wednesday, after posting a decline of nearly 3 percent in the previous session, following China’s surprise announcement of an interest rate hike on Tuesday. READ MORE »
Treasury 30-Year Yield Near Week Low as Buyers Seek Longer Debt
Treasury 30-year yields were near the lowest level in a week as investors sought longer maturities because they offer more yield than shorter ones. READ MORE »