Latest Government securities News

Long-term mortgage rates near historic lows: 30-year 3.55%

Aug. 22, 2019 1:31 PM EDT

WASHINGTON (AP) — U.S. long-term mortgage rates are near historically low levels, with the average on the benchmark 30-year loan falling this week to its lowest level since November 2016. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan slipped to 3.55% this week from...

Economic twilight zone: Bonds that charge you for lending

Aug. 21, 2019 4:56 PM EDT

FRANKFURT, Germany (AP) — Imagine lending money to someone and having to pay for the privilege of doing so. Or being asked to invest and informed of how much money you'll lose. Sounds absurd, but increasingly that's the global bond market these days. A rising share of government and corporate bonds are...

Asian stocks follow Wall Street lower before US Fed release

Aug. 21, 2019 12:18 AM EDT

BEIJING (AP) — Asia stock markets followed Wall Street lower Wednesday as investors looked ahead to a speech by the Federal Reserve chairman for signs of possible plans for more U.S. interest rate cuts. Benchmarks in Tokyo, Shanghai and Australia declined while South Korea advanced. U.S. stocks fell...

Markets Right Now: Banks lead major US stock indexes lower

Aug. 20, 2019 4:07 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Financial companies led a modest slide by stocks on Wall Street as a mixed batch of company earnings and declining bond yields weighed on the market. The selling pulled every major sector lower on Tuesday, snapping a...

Asian shares mostly rise after Wall Street rally on Huawei

Aug. 20, 2019 12:06 AM EDT

TOKYO (AP) — Asian shares were mostly higher Tuesday after Wall Street rallied on the U.S. decision to give Chinese telecom giant Huawei another 90 days to buy equipment from American suppliers. That decision appeared to inspire a buying mood among investors eager for any signs of progress in the trade war...

Effort to lower threshold for raising local taxes fails

Aug. 19, 2019 6:36 PM EDT

SACRAMENTO, Calif. (AP) — A proposal to make it easier for local California governments to raise taxes or issue bonds for infrastructure projects has failed in the state Assembly. The effort by Democratic Assemblywoman Cecilia Aguiar-Curry was a constitutional amendment. That means it also would have...

Global stocks recover some ground at end of turbulent week

Aug. 16, 2019 7:40 AM EDT

LONDON (AP) — Global stock markets looked set to end a turbulent week on a positive note although worries about the U.S. economy and the trade conflict between the U.S. and China still have the potential to derail Friday's recovery. Investors in stocks were spooked earlier this week by developments in the...

Asian shares mixed amid ongoing worries about US-China trade

Aug. 16, 2019 12:36 AM EDT

TOKYO (AP) — Asian shares were mixed Friday as turbulence continued on global markets amid ongoing worries about U.S.-China trade conflict. Japan's benchmark Nikkei 225 recouped early losses to be up 0.3% at 20,456.96 in morning trading. Australia's S&P/ASX 200 inched down nearly 0.1% to 6,402.40,...

Weak global growth likely to mean US slowdown, not recession

Aug. 15, 2019 8:07 PM EDT

WASHINGTON (AP) — How fragile is the global economy? The U.S.-China trade war is weakening businesses in both countries, Germany's economy shrank in the second quarter, and Britain appears headed for a disruptive exit from the European Union this fall. Those trends have hammered American manufacturers and...

Markets Right Now: Stocks end a bumpy day mostly higher

Aug. 15, 2019 4:19 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks ended another roller-coaster day mostly higher on Wall Street, making up just a fraction of the ground they lost in a huge plunge the day before. Walmart was a standout Thursday, putting up a 6.1% gain after...