TOKYO, July 3- Japanese government bond prices firmed on Friday, tracking firmer Treasuries after a disappointing U.S. employment report raised doubts about whether U.S. interest rates would rise this year. Volume was thin due to caution ahead of Greece's referendum on Sunday on its bailout conditions, as well as a U.S. market holiday on Friday to observe...» Read More
The House passed it, the Senate defeated it, but you had to know the idea of bankruptcy judges getting into the business of mortgage modifications would not go gently into that good night. Today the Treasury Department released its latest progress report for the Home Affordable Modification Program (a.k.a. the housing bailout).
Experts predict a steady drumbeat of defaults over much of the next decade as interest-only loans mature. Auctioned off at low prices, those foreclosed houses could help brake any revival in home prices.
China will continue to grow as the crisis has forced it to shift from an export-led economy to one which bases its development on domestic consumption, Jim O'Neill, head of global economic research at Goldman Sachs, told CNBC Wednesday.
The dollar will continue to drift but it doesn't face the risk of a free-fall, while healthcare stocks will rebound once the dispute over healthcare reform is settled, Robert Doll, BlackRock vice-chairman, told CNBC Wednesday.
The credit ratings industry will be forced to create a more accurate and transparent market to better meet the needs of the investing community, Sean Egan, president and cofounder of Egan-Jones Ratings Company, told CNBC.
As foreclosures continue to rise, there's been a lot of talk lately about how well-capitalized the FHA is to handle defaults on all the loans it backs. The FHA, which doesn't make loans itself, estimates it will insure over $400 billion in loans just this year.
The collapse of Fannie Mae and Freddie Mac one year ago was the result of bad government policy that took too long be corrected, Jim Lockhart, the GSE's former regulator, told CNBC.
Acting FHFA director Edward Demarco seems, at face value, to be a quiet, intelligent, unassuming guy. He prefers to be called Ed, and this morning he did his first live television interview with me on CNBC. But don't let the demeanor fool you.
The current market rally is based on temporary measures and could evaporate once government stimulus has run its course, Pimco's Mohamed El-Erian told CNBC.
The International Monetary Fund has revised up its forecast for economic growth this year and next in major industrialised economies and worldwide, according to a document obtained by Reuters on Friday.
The rush to buy gold and the rise in the bond market witnessed this week are not reassuring for investors, as they indicate fears of future troubles in the economy, Dennis Gartman, author of The Gartman Letter, told CNBC Friday.
The US nonfarm payrolls number later on Friday will likely make or break the stock market's timid attempts at a rebound after declines in the first days of this month, but predictions for the volatile figure are as far apart as ever.
Dallas Federal Reserve Bank President Richard Fisher on Thursday gave a muted outlook for the U.S. economy, saying a long period of slow growth lies ahead even when the recession ends.
Mortgage rates are kept low by Fed intervention, which is due to end soon. So unless that program is extended, mortgage rates will start rising again.
So far, it hasn't been a September to remember on Wall Street. With three days in the books, the month is living up to its historic billing as the worst month of the year for stock investors, though Wednesday's losses were relatively small. Read and listen to what the pros had to say...
The Federal Reserve will have to raise interest rates as aggressively as it cut them when it becomes clear the economic recovery has taken hold, to avoid flaring up inflation, Charles Plosser, president of the Philadelphia Fed, told CNBC in an interview.
Stocks extended their losing streak for a fourth session Wednesday as hardware stocks advanced but worries about the recovery continued to gnaw at the market.
New documents show Federal Reserve policymakers had greater confidence in August that the recession was ending and felt comfortable slowing the pace of one of its economic revival programs.
Stocks clawed higher Wednesday as tech, insurance and energy stocks advanced. Stocks struggled through the morning after readings on employment and manufacturing came in weaker than expected.
It's careful, it's complicated, it's got a catchy name, and it's first. At face value, that's what I see in the Mortgage Bankers Association's proposal to formulate a new, government-guaranteed, mortgage backed securities market to take the place of Fannie Mae and Freddie Mac.