Treasuries prices firmed on Wednesday in light trading before the Treasury Department is due to sell $34 billion in five-year notes, the second sale of $88 billion in coupon-bearing supply this week. The United States sold $26 billion in two-year notes on Tuesday to below-average demand. "It was a little bit softer yesterday, but that's typical for year-end,"...
The United States on Tuesday sanctioned two top North Korean officials involved in the country's ballistic missile programs.
NEW YORK, Dec 22- U.S. "You are seeing pressure led by two-years ahead of next week's supply," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York. The Treasury Department will sell a combined $88 billion in two-year, five-year and seven-year fixed-rate debt together with $13 billion in two-year floating-rate notes, starting next Tuesday.
The idea that GOP tax cuts will derive enough economic growth to pay for themselves has been a key selling point of the bill.
WASHINGTON, Dec 12- The U.S. government reported a $139 billion deficit in November, the Treasury Department said on Tuesday. Last week, Congress approved a short-term funding bill that will keep the government open until Dec. 23 but it has yet to agree on a longer-term budget. It has been bumping up against that cap and only Congress can raise the limit.
Individuals unlikely to see a boost in disposable income, hence, there is unlikely to be a large increase in consumer demand.
The Treasury Department on Monday released a very brief review of the Republicans' huge tax scheme.
CNBC's Ylan Mui reports the details of the Treasury Department's analysis on the economic impact of tax reform.
The Treasury projects that the Republican tax plan would boost the real GDP growth rate to 2.9 percent over 10 years.
NEW YORK, Dec 11- Most U.S. Local news channel WABC cited police sources as saying a possible pipe bomb detonated in a passageway below ground at the Port Authority commuter hub. Price gains were seen as limited before two debt auctions on Monday, with the Treasury Department due to sell $24 billion in three-year notes and $20 billion in 10- year notes.
Bond guru Bill Gross thinks investors need to "be careful in 2018" and cites six areas they need to watch as the calendar is set to turn.
Francisco Pares, an assistant secretary in Puerto Rico's treasury department, said a major tax overhaul approved over the weekend by the U.S. Senate could erode "approximately a third of the total revenues Puerto Rico earns through its tax system." Speaking at a New York meeting of Puerto Rico's federal financial oversight board, Pares said local government...
Treasury Secretary Steven Mnuchin provides his thoughts on the GOP's tax reform plan and the timeline for passage of the bill.
NEW YORK, Nov 15- China's holdings of U.S. Treasuries slipped for the first time in eight months in September, after hitting their highest since July 2016 the previous month, data from the U.S. Treasury Department showed on Wednesday. China's Treasury holdings fell to $1.18 trillion, from $1.2 trillion in August.
WASHINGTON, Nov 13- The U.S. federal government ran a $63 billion deficit in October as Washington ramped up spending, the Treasury Department said on Monday. The government boosted outlays in October to $299 billion, up $31 billion from the same month of last year. Revenues grew to $235 billion, up $14 billion from a year earlier.
NEW YORK, Nov 7- U.S. Treasury yields were little changed on Tuesday in advance of a $24 billion auction of three-year government debt, the first part of this week's $64 billion quarterly refunding whose proceeds will be used to repay $42.7 billion to bondholders. The Treasury Department will sell the three-year note issue at 1 p.m..
Here are some of the key players in Venezuela's debt drama. Maduro tapped El Aissami to lead Venezuela's debt committee, a controversial choice given the vice president has no known prior experience in finance and was sanctioned by the United States this year for alleged drug trafficking. The Treasury Department said El Aissami oversaw or partially owned...
*China keen to ensure yuan not a topic of discussion. SHANGHAI, Nov 2- China is leaving nothing to chance during next week's visit by U.S. Since he took office, though, the Treasury Department has twice declined to do so because China has not met the necessary criteria.
NEW YORK, Nov 1- U.S. Treasury yields fell on Wednesday and the yield curve was its flattest since 2007 after the Treasury Department said it would keep auction sizes steady in the coming months, despite the Federal Reserve's plan to reduce its bond holdings. "There has been a fairly significant move in the curve, mainly because of the Treasury Borrowing Advisory...
Fed Governor Jerome "Jay" Powell has indicated he isn't against bitcoin, but isn't embracing the idea of a central bank-issued digital currency.