A deep-seated anxiety about how soon the Federal Reserve will raise rates has caused the widest chasm between short- and long-dated Treasury yields in 20 years.
D.R. Horton, the No. 2 U.S. homebuilder, reported a much larger-than-expected quarterly loss on Friday, sending its shares down nearly 7 percent even though it also said orders increased.
A British charity is pioneering the idea of reducing the country's bulging debt by encouraging people to buy gift vouchers that will be sent to the Treasury.
The European Commission has accused credit-rating agency Standard & Poor's of unfair pricing when charging licensing fees for issuing International Securities Identification Numbers, or ID codes for securities.
Thursday, 19 Nov 2009 | Source: The New York Times
The coroner’s report left no doubt as to the cause of death: toxic loans. That was the conclusion of a financial autopsy that federal officials performed on Haven Trust Bank, a small bank in Duluth, Ga., that collapsed last December, the New York Times reported.
Wednesday, 18 Nov 2009 | Posted By:
Albert Bozzo | Source: CNBC.com
Government programs don't help the market, one economist says, because they don't "get rid of the fundamental problem: There's still a glut of houses.”
U.S. mortgage applications fell last week, with demand for home purchase loans dropping to a 12-year low even as interest rates on 30-year loans fell to their lowest level in six months, data from an industry group showed on Wednesday.
Goldman Sachs apologized for the role it played in the financial crisis, by taking part in the credit boom which preceded the bursting of the bubble the Financial Times reported Wednesday.
Tuesday, 17 Nov 2009 | Source: The Associated Press
The pace at which people fell behind on their mortgages slowed during the summer for the third consecutive quarter, but the overall delinquency rate hit another record, a new report shows.
"I haven't been this bearish in a year," the well-known analyst told CNBC in a live interview. "I look at the board and every single stock is up. But there is no fundamental rooting as to why."
U.S. credit card defaults fell more than expected in October, but delinquencies rose in a sign that consumers remain under stress and the sector can expect more pain ahead, credit card companies reported on Monday.
In citing three conditions, the Federal Reserve has provided a roadmap by which market participants can gauge with greater precision the evolution of monetary policy, in particular the exit strategy for the Fed’s current stance, says bond expert Tony Crescenzi.... Read More
The best way for the Federal Reserve to smoothly exit from its current stance on monetary policy is to make it more a process than an event, says bond expert Tony Crescenzi.... Read More
Bonds are the anchor of an investor's portfolio, but they need to be played defensively, said Jim Keegan, portfolio manager of 5-star rated RidgeWorth Total Return Bond fund.... Read More
In addition to recent data showing weakness in the labor market, there are many factors causing Treasury yields to fall of late, says bond expert Tony Crescenzi.... Read More