Latest Government debt News

Migrants from Bangladesh push a trolley with collected plastic items as they pass in front the Bank of Greece headquarters in Athens, Thursday, Jan. 16, 2020. (AP Photo/Thanassis Stavrakis)

Creditors start checkup as Greece seeks lower budget targets

Jan. 20, 2020 8:29 AM EST

ATHENS, Greece (AP) — Officials from Greece's bailout-creditor institutions are in Athens for an inspection of the country's public finances, as the center-right government is pressing for more lenient budget performance targets. The weeklong inspection began Monday, and involves the European Commission,...

US Treasury announces it will begin selling new 20-year bond

Jan. 16, 2020 6:29 PM EST

WASHINGTON (AP) — The U.S. Treasury, faced with financing budget deficits topping $1 trillion annually, is introducing a new 20-year bond. The new 20-year bond was chosen after officials considered proposals for a 50-year or 100-year bond, Treasury said in a statement Thursday. It said the new 20-year bond...

Editorial Roundup: New York

Jan. 15, 2020 2:51 PM EST

Recent editorials of statewide and national interest from New York's newspapers: Take Impeachment Seriously, Senators New York Times Jan. 14 It would be nice to have faith that, as the Senate prepares to receive the articles of impeachment against President Trump and gears up for its role in this rare and...

FILE - In this March 26, 2014 file photo, BlackRock Chairman and CEO Laurence Fink is interviewed by Maria Bartiromo on Fox Business Network's

Climate is changing. Investing needs to, too, says BlackRock

Jan. 14, 2020 3:36 PM EST

NEW YORK (AP) — A changing climate means dramatic risks for the world — and for investments too, the chief of the world’s largest investment manager said Tuesday. To prepare for and protect against those risks, BlackRock CEO Laurence Fink said in his influential annual letter to CEOs that his...

FILE - This April 13, 2019, file photo, shows homes in suburban Salt Lake City. On Thursday, Jan. 9, 2020, Freddie Mac reports on this week’s average U.S. mortgage rates. (AP Photo/Rick Bowmer, File)

US long-term mortgage rates fall; 30-year loan at 3.64%

Jan. 9, 2020 1:30 PM EST

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week to their lowest level in 13 weeks, as financial markets roiled by U.S.-Iran conflict pushed investors toward the safety of Treasury bonds. The yield on Treasury bonds, especially the 10-year note, tends to influence mortgage rates. Mortgage...

Editorial Roundup: New York

Jan. 8, 2020 3:50 PM EST

Recent editorials of statewide and national interest from New York's newspapers: Trump’s Post-Soleimani World Wall Street Journal Jan. 6 It may be true that no good deed goes unpunished, but only the ever-active Donald Trump could take it upon himself to punish his own good deed. The good deed was ordering...

Greece's Prime Minister Kyriakos Mitsotakis, delivers a speech during a parliament session in Athens, on Wednesday, Dec. 18, 2019. Greek lawmakers debate on the state budget for 2020. (AP Photo/Yorgos Karahalis)

Greece retains negative yield in first debt auction of year

Jan. 8, 2020 8:14 AM EST

ATHENS, Greece (AP) — Greece has raised 487.5 million euros ($544.4 million) in a treasury bill sale that saw the country maintain its negative interest rate in the first debt auction of the year as the debt-strapped country attempts to regain full market access. The Public Debt Management Agency said the...

FILE - In this Dec. 11, 2019, file photo trader Michael Urkonis, left, and specialist Anthony Matesic work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Jan. 3, 2020. (AP Photo/Richard Drew, File)

Oil prices surge, stocks fall after US kills Iranian general

Jan. 3, 2020 4:59 PM EST

Stocks fell broadly on Wall Street and oil prices surged Friday after a U.S. strike killed a top Iranian general in Iraq, raising tensions in the Middle East. The selling, which lost some momentum toward the end of the day, ended a five-week winning streak for the S&P 500 a day after the benchmark index hit...

Stock traders wear New Year's 2020 party glasses at the New York Stock Exchange, Tuesday, Dec. 31, 2019. Stocks slipped globally in quiet New Year's Eve trading Tuesday with many markets closed. Wall Street could close 2019 with back-to-back daily losses in a year that the U.S. posted the largest market gains since 2013. (AP Photo/Mark Lennihan)

Stocks close out best year since 2013; S&P 500 soars 28.9%

Dec. 31, 2019 6:13 PM EST

Wall Street closed the books Tuesday on a blockbuster 2019 for stock investors, with the broader market delivering its best returns in six years. The S&P 500 finished with a gain of 28.9% for the year, or a total return of 31.5%, including dividends. The Nasdaq composite rose 35.3%. For both indexes it was...

FILE - In this Dec. 5, 2019, file photo trader James MacGilvray works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Monday, Dec. 30. (AP Photo/Richard Drew, File)

Asian shares track Wall Street retreat as year winds down

Dec. 30, 2019 11:18 PM EST

TOKYO (AP) — Asian shares were lower in quiet New Year's Eve trading, with many markets closed. Tuesday's declines tracked a broad retreat overnight on Wall Street that erased some of the major indexes’ recent gains, though the market remains on track to end the year with its best performance since...