NEW YORK, April 17- U.S. Initial claims for state unemployment benefits ticked up 2,000 to a seasonally adjusted 304,000 for the week ended April 12, the Labor Department said on Thursday. The Philadelphia Federal Reserve Bank also said factory activity in the U.S. mid-Atlantic region picked up in April at a faster clip than expected.» Read More
As the debate over raising the debt ceiling in the United States lurches onward, one analyst tells CNBC that if America wants to keep taxing its people like it's the 1950’s, it will need to significantly cut back on spending.
Washington's political paralysis around critical debt and budgetary issues will most certainly weigh on financial markets Wednesday.
U.S. politicians, in the process of kicking the proverbial debt can down the road, are also giving the dollar a good swift kick.
The White House insists the U.S. government will not be able to stay current on all of its obligations as of Aug. 2 unless the debt ceiling is raised. But can the government of the United States ever really run out of money?
CNBC's Rick Santelli with the details on today's rise in Treasury prices, as investors' concerns about the economy keeps rates in check.
"There's an uneasy stability in the market. I don't think the politicians should take that as any type of green light to allow this to continue," says one bond pro.
CNBC's Rick Santelli reports on today's Treasury auction from the CME.
CNBC's Rick Santelli has the update on bond yields.
One of Ronald Reagan's best-known advisors on economics told CNBC that the former President would have started negotiations much earlier than President Barack Obama has.
Debt talks will again dominate Tuesday, as markets increasingly worry political cat fighting will lead to a weak deficit reduction deal, causing the U.S. to lose its top-notch credit rating.
In the eyes of China, the biggest foreign holder of US Treasuries, the damage to America's reputation as steward of the world’s safest asset may already be done—even if a last-minute agreement to raise the debt ceiling is hatched.
The Federal Reserve can definitely sell its $1.6 trillion portfolio of Treasurys and use the profits to fund the U.S. government if the debt ceiling isn’t raised. This could allow the government to fund its on going obligations without raising taxes or incurring new debt.
Weighing in on whether the debt deal will get done by August 2nd and its impact on the markets, with Tony Fratto, Hamilton Place Strategies, and Paul Equale, Equale & Associates.
Stephen Walsh, CIO of Western Asset management, told CNBC Monday that it’s the borrowers at the lower end of investment grade that may suffer if there is a downgrade of U.S. debt.
Treasury prices are slumping as investors sell out of 30-year bonds, with Michael Gurka, Spectrum Asset Management.
If the U.S. defaults on its obligations in early August, it will be because the President chose not to exercise his power to raise the debt ceiling on his own.
Should investors be raising cash because of all the drama in Washington? Doug Kass, Seabreeze Partners weighs in.
Most analysts that CNBC spoke to were against buying insurance on Treasurys or shorting U.S. government bonds. Instead they said they would focus on the forex markets, which could see the biggest moves in the worst-case scenario—if the U.S. defaults and has its credit ratings cut.
Ira Epstein, Ira Epstein Division of The Linn Group, discusses today's Treasury yields and how to profit if there is or isn't a debt ceiling deal or a deal for Greece.