At a time when savers complain that they are earning almost no interest from their bank accounts, some investors on Monday bought United States government bonds that effectively had negative rate of return.
Bizarre as it sounds, that is correct. In an auction of a special kind of five-year Treasury bond, investors paid $105.50 for every [...]
Posts Tagged ‘us treasury’
Inflation Bonds Are Sold With Negative Yield for First Time
October 25th, 2010 by Financial Writer
Tags: borrowers, commerce department, financial crisis, inflation, interest rates, investors, loans, money, us stocks, us treasury
more...Obama Signs Bill to Cut Taxes for Small Businesses
September 27th, 2010 by Financial Writer
President Barack Obama signed legislation that will cut taxes and provide credit help for small businesses, calling it an essential step for job growth in a slow economy.
Small businesses “have borne the greatest brunt of this recession” because of lower demand from consumers and less available credit, Obama said.
The government “can’t create jobs to replace [...]
Tags: business investment, economic recovery, financial system, money, obama administration, stock market, us economy, us treasury
If no one takes on China, currency wars still loom
September 17th, 2010 by Financial Writer
Treasury Secretary Timothy Geithner this week gave a timid nudge to China to do more about lifting the value of the yuan, which is widely recognized to be kept artificially, and vastly, undervalued to the benefit of Chinese exporters and at the expense of almost everybody else.
Even the International Monetary Fund estimates the yuan to [...]
Tags: Chinese economy, economic growth, economists, european economy, financial crisis, financial system, IMF, us economy, us treasury
U.S. Treasury to Sell $74 Billion in Long-Term Debt Next Week
August 4th, 2010 by Financial Writer
The U.S. Treasury Department plans to sell $74 billion in its quarterly sales of long-term debt next week, as lower projected budget deficits allow the government to reduce borrowing at a “gradual pace.”
The Treasury is starting to scale back auction sizes, after expanding debt sales to finance annual budget deficits exceeding $1 trillion for the [...]
Tags: borrowers, economic growth, economic recovery, federal economic, financial, Global Economy, US Finance, us treasury
China reduces US Treasury debt holdings in May
July 16th, 2010 by Financial Writer
China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
China’s holdings fell by $32.5 billion to $867.7 billion, the Treasury reported Friday. Total foreign holdings edged up $5.8 billion to $3.96 trillion.
The drop in China’s holdings and the weak showing overall was a surprise. [...]
Tags: China, economic, economists, european economy, financial crisis, interest rates, investors, us treasury
Treasury Two-Year Yield Drops to Record Low on Slowdown Concern
July 15th, 2010 by Financial Writer
Treasury two-year note yields dropped to a record low after reports showed a gauge of New York manufacturing trailed economists’ estimates and production at U.S. manufacturers declined.
Yields on two-year notes, the most sensitive to changes in Federal Reserve policy, fell to 0.5767 percent, below the previous record of 0.5856 percent reached on June 30. Bank [...]
Tags: bank of america, economists, Federal Reserve, financial system, interest rates, us, us economic, us economy, us manufactured, us stocks, us treasury
Bailed-out small US banks face takeover risk -panel
July 14th, 2010 by Financial Writer
Smaller banks that got U.S. government bailout money are likely to run into trouble repaying it and may become vulnerable to takeovers as a result, a congressional watchdog agency warned on Wednesday.
In its latest critique of the Treasury Department’s handling of the Troubled Asset Relief Program, or TARP, the Congressional Oversight Panel said smaller banks [...]
Tags: banks, commercial real estate, economic, financial crisis, real estate investment, taxpayers, us, us economic, us government, us treasury, wall street
European surveys fuel growth slowdown fears
June 23rd, 2010 by Financial Writer
The durability of Europe’s recovery looked more doubtful on Wednesday after key business surveys showed dimming confidence about the prospects of economies that are pressing ahead with austerity measures.
Euro zone purchasing managers indexes showed private sector firms expanded at a slightly slower pace in June, but beneath the headline figures there was feeble demand for [...]
Tags: businesses, consumers, economists, european economy, financial crisis, financial markets, us treasury, wall street
G20 to endorse EU crisis strategy
May 29th, 2010 by Financial Writer
Finance chiefs of the world’s leading economies, meeting next week, are likely to deliver a strong endorsement of Europe’s efforts to resolve its debt crisis but announce no fresh policies to help it do so.
After several months in which Washington, Beijing and other governments pressed Europe to act more decisively in tackling the crisis, global [...]
Tags: debt crisis, european economy, european union, Federal Reserve, financial, financial markets, g20, Global Economy, global recovery, IMF, us treasury
IMF says global economy to grow 4.2 pct this year
April 22nd, 2010 by Financial Writer
WASHINGTON — The International Monetary Fund said Wednesday that the global economy, after enduring a crippling recession, should see better-than-expected growth this year, led by strength in China and other developing nations.
In an updated economic outlook, the IMF forecast that the world economy would expand 4.2 percent this year, faster than its previous projection and [...]
Tags: economy recovery, Federal Reserve, financial, financial crisis, Global Economy, Global Financial, Global Recession, us economy, us treasury