WASHINGTON— Interest rates on short-term Treasury bills were mixed in Monday's auction with rates on three-month bills dropping to the lowest level in nearly a year while rates on six-month bills were unchanged. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.015 percent, down from 0.020 percent last week.» Read More
Futures are perking up this morning and are setting stocks up for a firmer opening. Traders are turning their attention to earnings and some percolating merger news, and there's a calm on Wall Street after Friday's late day, mad dash down-hill ride for stocks.
U.S. Treasury Secretary Henry Paulson said on Thursday the U.S. business tax system creates distortions in the allocation of capital and must be re-examined to boost the competitiveness of American companies.
Credit worries and bad news from home builders trumped any positives from the stream of earnings being reported this morning. Wall Street is set up for a steep drop on the opening and the talk in the market focuses on whether the takeover boom is ending.
Strong earnings news is helping push credit market fears back into the shadows this morning, and stocks are poised to spring higher at the opening. Some Asian markets sold off after yesterday's bad day on Wall Street and Europe is mostly lower.
There are furious behind the scenes negotiations to place $12 billion of debt to finance the Cerberus buyout of Chrysler.The deal is still not done and there is talk that the interest rate Cerberus will have to pay will be substantially higher than originally envisioned.
Wall Street is heading for a lower opening as some weak earnings and credit market jitters outweigh positive profit reports from companies like Pepsico and Lockheed-Martin. European markets are moving lower after overnight gains in Tokyo and Hong Kong shares.
Earnings remain the focus of traders going into the weekend, but analysts say the potential impact of rising crude oil and subprime troubles will also be on the minds of traders. Today is also an options expiration Friday.
U.S. Treasury debt rallied on Friday as underlying inflation retreated, but the bond market still posted its worst quarter in over a year.
In a special edition of "Power Lunch at the Four Seasons," Abby Joseph Cohen, the chief U.S. portfolio strategist at Goldman Sachs, offered her perspective on the markets, the S&P 500 and the global economy to CNBC's Bill Griffeth.
The coming week is light on economic data, but will be big in determining whether Wall Street's bulls are back in charge.
With yields near five-year highs, it’s a good time to shop for bonds -- but experts say it’s best to stick to shorter-term securities.
The major indices return to record territory as interest rate jitters pass.
Consumers looking at the rise in interest rates may wonder what impact it will have on their wallets.
U.S. Treasury Secretary Henry Paulson on Thursday shrugged off a recent uptick in volatility in financial markets, and said overall conditions remain strong.
U.S. government bond prices recovered after a week of heavy selling, reaching session highs as the Federal Reserve's Beige Book did little to upset the notion of a modestly expanding national economy.
There is little reason to fear a wholesale pullout by China out of U.S. government bonds, former Federal Reserve Chairman Alan Greenspan said on Tuesday.
"Cash is king" in today's bond market -- if rates keep rising. That's the opinion shared by Joseph Balestrino, senior vice president and senior portfolio manager at Federated Investors, and Tony Crescenzi, chief bond market strategist at Miller Tabak. The bond mavens advised "Morning Call" viewers how to play the market.
Volatility is back with a vengeance, and investors will be watching next week's economic calendar carefully, with inflation data topping the list.
Recent downside moves in the stock market are not likely over, market pros said, but the long-term outlook on equities remains positive.
May's rally is already running into June, and the momentum could keep going as markets next week focus on the promise of new mergers, Fed-speak, a modest batch of economic data and corporate conferences.