The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.020 percent, down from 0.025 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.075 percent, the same as last week. For a $10,000 bill, the three-month price was $9,999.49, while a six-month bill sold for $9,996.21.» Read More
CNBC's Rick Santelli discusses the latest action in the bond market, and the eur/yen trade.
The government can help homeowners while also managing risks that contributed to the country's housing crisis, Julian Castro told CNBC.
HUD Secretary Julian Castro, discusses home lending standards, and steps the FHA has taken to safeguard against another housing crisis, yet provide responsible home buyers a chance to own a home.
CNBC's Diana Olick, and HUD Secretary Julian Castro, discuss the Federal Housing Administration's move to lower insurance premiums and how it is expected to help first-time home buyers.
CNBC's Steve Liesman provides a preview of the Federal Reserve's all-important meeting.
Jan 25- Interest rates in Britain may need to start rising sooner than many expectations, Kristin Forbes, a member of the Bank of England's Monetary Policy Committee, said in an interview with the Wall Street Journal. Healthy growth in the United States and low oil prices could trigger consumption and investments in the UK that would help the cause for hiking...
ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations and citing lower inflationary pressure due to falling global oil prices. The International Monetary Fund saved Pakistan from possible default in 2013 by agreeing to lend it $6.8 billion over three years.
ISLAMABAD, Jan 24- Pakistan's central bank cut its key discount rate to 8.5 percent from 9.5 percent on Saturday, in line with analyst expectations, citing lower inflationary pressure due to falling global oil prices.
CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Stocks ended the week positive. Europe instituted a bond-buying boost. And is McDonald's poised for a comeback?
The Saudis ultimately want higher oil prices, Again Capital partner John Kilduff tells CNBC after the death of King Abdullah.
CNBC's Rick Santelli discusses the latest action in the bond market, and the U.S. dollar.
OTTAWA, Jan 23- Lower gasoline costs pulled down the Canadian annual inflation rate in December to a nine-month low, Statistics Canada said on Friday, two days after the Bank of Canada cut interest rates due to slumping oil prices. But in a sign that inflation was not totally benign, the measure of core inflation- which strips out the prices of some volatile items and...
JOHANNESBURG, Jan 23- South Africa's Reserve Bank will keep its benchmark interest rate at 5.75 percent on Thursday following a dip in inflation due to lower oil prices, a Reuters poll forecast on Friday. A more stable rand, since the European Central Bank's decision on Thursday to launch quantitative easing lifted emerging market currencies, has also reduced...
Goldman Sachs' Lloyd Blankfein tells CNBC that stock volatility is probably back for the foreseeable future.
OTTAWA, Jan 23- Lower gasoline costs pulled down the Canadian annual inflation rate in December to a nine-month low, Statistics Canada said on Friday, two days after the Bank of Canada cut interest rates due to slumping oil prices. The annualized rate in December dropped to 1.5 percent from 2.0 percent in November, which is the midpoint of the Bank of Canada's 1 to 3...
Hedge fund manager Kyle Bass tells CNBC that falling oil prices are creating a "deflationary environment" that will force the Fed to delay a rate hike.
U.S. banks are now resigning themselves to at least another few quarters of low rates, executives and analysts said.
The European Central Bank said on Thursday it would buy 60 billion euros of bonds a month starting in March, boosting Russian assets. Russia's key interest rate is at 17 percent, more than 10 percent higher than in most Western countries. The rouble was also supported on Friday by higher prices for oil, Russia's chief export.
*Interest rate cuts seen in China, India, South Korea. BENGALURU, Jan 23- Emerging Asian economies will grow at a lackluster pace this year and next, held back by a slowdown in China and weak global demand, while cooling inflation will probably throw open the door for monetary policy easing, a Reuters poll showed. China's growth rate will probably slow further to 7.0...
SEOUL, Jan 23- South Korea's economy slowed sharply in the final quarter of 2014, with growth hovering around six-year lows, knocked by weak government spending and global demand and heaping pressure on the central bank to cut interest rates further. The weak quarterly growth rate, which was in line with forecast from a Reuters survey of 16 analysts, comes after...