The Federal Reserve is sticking with its $600 billion Treasury bond-purchase program to strengthen the economy as Japan’s nuclear crisis raises worries around the globe. Get the full story »
Inside these posts: Treasurys
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World stocks near 29-month high
World stocks rose on Monday, hovering near a 29-month high on further signs of global economic recovery, and copper rallied to a record high while U.S. 10-year Treasury yields hit their highest since May.
World equities as measured by the MSCI All-Country World Index advanced 0.2 percent after gaining 2.2 percent last week. The index is up 3.4 percent so far this year, while MSCI emerging markets index is down 2 percent.
Fed to make next Treasury purchases today
The Federal Reserve is scheduled on Tuesday to buy Treasurys targeting maturities between June 30, 2013, and Nov. 30, 2014. Get the full story »
Mortgage rates climb to 6-month high
U.S. mortgage rates extended their bounce from recent record lows in the latest week, according to Freddie Mac’s weekly survey of mortgage rates, as Treasury yields continue to climb.
The 30-year fixed-rate mortgage averaged 4.61 percent for the week ended Thursday, up from the prior week’s 4.46 percent but down from 4.81 percent a year ago. Get the full story »
Bonds pare gains after Chicago ISM data
The U.S. government debt market trimmed gains on Tuesday after data signaled faster-than-expected manufacturing growth in the U.S. Midwest region. Get the full story »
Fed to buy $105B worth of bonds in first phase
The Federal Reserve says it will buy a total of $105 billion worth of government bonds starting later this week as it launches a new program to invigorate the economy. Get the full story »
AIG to get $22B in TARP funds for restructuring
The U.S. Treasury said on Monday that bailed-out insurer American International Group will draw up to $22 billion in Treasury funds to facilitate its restructuring and prepare for an eventual government exit. Get the full story »
Treasury gets strong bidding for $29B in bonds
Investors are lending $29 billion to the government in the last Treasury auction this week.
The Treasury sold seven-year notes at a 1.97 percent yield, versus 1.89 percent in September’s auction. That means it was slightly more expensive for the government to borrow $29 billion from investors this month. Get the full story »
CME to trade on-the-run Treasury futures contracts
From Bloomberg News | Futures market CME Group Inc. will start trading on-the-run Treasury futures contracts next week that will provide investors exposure to benchmark 2-, 5- and 10-year notes.
Fed buys another $1.35B of Treasurys
Bloomberg News | The Federal Reserve bought another $1.35 billion in of Treasurys as part of a program begun Aug. 17 to reinvest money from the mortgage securities to keep liquidity in the financial system. This brings the total Fed investment to $14.24 billion.
Rates on Treasury notes fall to new low
Interest rates fell again in the Treasury market, sending the yield on the two-year note to another record low, after a sharp drop in sales of existing homes added to worries about the economy.
The yield on the 10-year note continued to hover near levels not seen since March 2009. Get the full story »
More U.S. debt staying here
In a reversal of a long trend, most U.S. debt in the first half of this year stayed here rather than being bought by foreign governments.
Stock market honeymoon ends
The brief honeymoon with stocks has come to another abrupt halt as investors once again have decided to flee from risk. Treasury bonds are a favorite security blanket again even though they are promising very little to investors locking up their money for as much as 10 years.
As nervous people have flooded bonds with money, yields have dropped to just 2.7 percent. Meanwhile, the Dow Jones Industrial average has fallen 320 points in two days as the Federal Reserve has spooked investors with deflation talk and as more people have filed for unemployment benefits. See where the full stock market has taken investors since happy days faded in 2007.
