CNBC's Tyler Mathisen looks back at the week's top business and financial stories. Headlines hurt stocks this week, while GM is facing a federal investigation. The White House boosts overtime pay for non-union workers, McDonald's employees are suing the company and Men's Wearhouse gets Joseph A. Bank.» Read More
Treasuries prices edged higher on Friday on rising tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea, while data showing continued low inflation and weak consumer sentiment supported safe-haven bids.
Heightened tensions between the West and Russia ahead of Ukraine's weekend referendum in Crimea also drove a flight to quality into safe-haven bonds. The West has ramped up talks of sanctions while Russia has responded with promises of retaliatory measures.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
TOKYO, March 14- Japanese government bond prices were steady to slightly firmer on Friday as share prices in Japan and elsewhere dropped on concerns about heightened tension in Ukraine ahead of a weekend referendum in Crimea. The 10- year JGB futures rose 0.10 point to 144.67, while the benchmark 10- year cash JGB yield stood flat at 0.640 percent.
The Reserve Bank of New Zealand became the first developed world central bank to hike interest rates on Thursday. Will other central banks follow suit? CNBC's Julia Wood reports.
While the U.S. dollar has been gaining strength over the years, Greg Gibbs, Senior Currency Strategist at RBS, says the greenback could begin to struggle as rate hikes do not seem likely in the near term.
LONDON, March 13- Irish government bond yields hit record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout drew substantial demand, cementing a return to full access to borrowing markets.
CNBC's Rick Santelli discusses how this morning's revised retail number is impacting Treasurys, and takes a look at the action in Japanese government bonds and the Chinese yuan.
LONDON, March 13- Irish government bond yields hit new record lows on Thursday as Dublin's first regular debt auction since its 2010 international bailout found substantial demand and cemented the return of full access to borrowing markets.
Tim Sloan, Wells Fargo CFO, discusses what's driving loan demand now. We are optimistic about the spring selling season, says Sloan. And Jack Welch, Jack Welch Management Institute at Strayer University, shares his thoughts on retail space.
Global investment management firm Pimco underperformed its peers last month, according to estimates by data tracker Morningstar, following internal strife at the company.
Bonds traded higher on Thursday after the US government's auction of 30-year Treasury bonds, the last of three debt auctions this week.
TOKYO, March 13- Japanese government bond prices slipped on Thursday, while JGB futures briefly fell as much as one point, on what appeared to be a single order, before paring losses. The Bank of Japan offered to buy a total of 570 billion yen in JGBs in two operations.
Maynar Arif, Head of Research at DBS Vickers Securities Indonesia, explains why he thinks Bank Indonesia will keep interest rates on hold Thursday.
Bargain hunters eyeing the drop in emerging market equities may want to shift their focus to the segment's unloved bonds instead.
NEW YORK, March 12- Puerto Rico's newly issued bonds rallied on Wednesday, a day after investors flocked to the high returns offered by the cash-strapped U.S. territory's $3.5 billion debt sale.
*Copper hits near four-year lows. Treasuries prices rose in safe-haven bids on Wednesday on worries over the health of China's economy, which helped fuel strong demand at the U.S. government's 10- year Treasury note auction.