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The yield spread between junk-rated corporate bonds and U.S. Treasuries tightened further late on Wednesday, falling to its lowest level in more than a decade as yield-hungry investors snapped up risky debt.
A battle is brewing within the central bank over the speed of the U.S. economic recovery, and by extension — when the Fed should raise rates.
Inflation Breakout Will Drive 10-Year Treasury Yields Above 2% in Coming Months: Wells FargoJun 18, 2021 - 05:27:10 PDT
"The 10-year yield is going up a fair bit through the remainder of the year," Wells Fargo Securities' Michael Schumacher says.
Higher prices for new and used cars are making vehicles even more valuable to thieves.
U.S. Treasury yields ebbed lower on Friday morning, as investors continued to shake off the Federal Reserve's hawkish turn in its latest policy update.
The Federal Reserve Is Helping To Clear Up Investors’ Confusion, but Many Questions RemainJun 18, 2021 - 05:17:36 PDT
The central bank’s rescue efforts, the pandemic and the recovery boom have left everyone wondering where we are in the economic cycle.
The blue-chip Dow has lost 1.9% week to date, on pace for its worst week since January. The S&P 500 has fallen 0.6%.
Twenty-three diseases and conditions killed more people than Covid in England last month and the virus was responsible for fewer than 1 per cent of all fatalities, official figures show.
With more warnings of electricity blackouts in California as temperatures surge, authorities conveniently omit the huge decline in wind power over the past week. The media seems to be focused more on the drought and problems associated with hydro-power generation than the failure of Green Wind Power...
French President Emmanuel Macron should really learn to keep quiet about the real plans of Davos to steal all the gold an enslave us all.
Fed Chairman Jerome Powell Wednesday said the higher inflation recorded this year should be temporary, but the risks that it would persist couldn’t be ignored.
Bolivian President Luis Arce on Wednesday announced the submission of a draft bill to the Plurinational Legislative Assembly (bicameral parliament) to authorize the purchase of gold and thus strengthen international reserves.
Historically inflation hurt creditors and helped debtors as they are paying back their obligations in much-depreciated dollars....
Regulators are worried about hidden risks to investors and even the financial system stemming from a fast-growing corner of the crypto market meant to be immune from volatility.Their focus is on so-called stablecoins, a form of cryptocurrency that has a fixed price, typically one dollar, and is backed by real-money reserves.
New Harvard Data Reveal How Lockdowns Crushed the Working Class While Leaving Elites UnscathedJun 17, 2021 - 12:54:53 PDT
We just got yet another example. A new data analysis from Harvard University, Brown University, and the Bill and Melinda Gates Foundation calculates how different employment levels have been impacted during the pandemic to date. The findings reveal that government lockdown orders devastated workers at the bottom of the financial food chain but left the upper-tier actually better off.
As you may already know, Mike Maloney took some significant profits from the crypto markets when Bitcoin was hovering around $60k. Now that we are experiencing a pullback in gold and silver, find out what Mike plans to do with that cash that has been patently sitting on the sidelines.
During the global financial crisis more than a decade ago, about one-seventh of such companies in the United States defaulted in a year. However, according to rating agency Moody’s, less than 9% defaulted in the year to August 2020, and ratings have continued to decline since then. By the end of 2021, a fast-growing recovery should be below the long-term average of 4.7%.
Mortgage rates moved decidedly higher after Federal Reserve Chairman Jerome Powell moved up his timeline for raising rates and tapering asset purchases.
Jun 17, 2021 - 11:58:28 PDT
“With Texas’ warm climate and low taxes it’s not surprising that three of the top ten MSA [Metropolitan Statistical Area] destinations are in Texas,” the report noted.
US Food Bank Lines May Reemerge As Millions Set To Lose Unemployment BenefitsJun 17, 2021 - 11:55:19 PDT
"We are still distributing about a million to a million and a half more meals each month than we did pre Covid," said Teresa Schryver, advocacy manager for the St Louis Area Food Bank in Bridgeton, Missouri services for residents in Missouri and nearby Illinois.