A slump in government-backed mortgage securities that’s sent yields to the highest level since May is threatening a recovery in the U.S. housing market, which had been bolstered by record-low borrowing costs.
Yields on Fannie Mae-guaranteed securities that most affect loan rates jumped as high as 4.21 percent today, an increase [...]
Posts Tagged ‘banking group’
Mortgage-Bond Slump ‘Won’t Be Fun’ for Housing: Credit Markets
December 13th, 2010 by Financial Writer
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more...China Rate Speculation Splits Analysts, Former PBOC Official
December 11th, 2010 by Financial Writer
China can’t raise interest rates because of the risk of attracting inflows of cash that would fuel inflation, said Wu Xiaoling, a former deputy governor of the central bank.
“The global low interest-rate environment prevents China’s central bank from raising interest rates,” Wu said in a speech at a hedge fund [...]
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Santander: Economy depends on the consumer
September 11th, 2009 by Financial Writer
Santander has said that despite optimism in the stock markets, inflation will depend on the actions of consumers.
Richard Moore, manager of the Asset Management UK arm of the banking group, made his comments following news that the FTSE 100 has reached 5,000 points.
He pointed out that consumers must now spend in order for inflation to [...]
Tags: banking group, consumers, inflation, santander