Latest Debt and bond markets News

Asian stocks follow Wall St higher after UK calms markets

Sep. 28, 2022 23:56 PM EDT

BEIJING (AP) — Asian stock markets followed Wall Street higher Thursday after Britain's central bank moved forcefully to stop a budding financial crisis. Market benchmarks in Hong Kong, Seoul and Sydney added more than 1%. Shanghai and Tokyo also rose. Oil prices edged lower after...

UK central bank intervenes in market to halt economic crisis

Sep. 28, 2022 13:28 PM EDT

LONDON (AP) — The Bank of England took emergency action Wednesday to stabilize U.K. financial markets and head off a crisis in the broader economy after the government spooked investors with a program of unfunded tax cuts, sending the pound tumbling and the cost of government debt soaring. ...

Funds to aid Jackson's water system held up as governor rose

Sep. 27, 2022 15:00 PM EDT

JACKSON, Miss. (AP) — Years before people in Jackson were recently left without running water for several days, Mississippi Gov. Tate Reeves claimed to have helped block money to fund water system repairs in the capital city. Reeves, a Republican, blames Jackson's water crisis on...

Asian shares mixed after Dow falls into bear market

Sep. 26, 2022 23:14 PM EDT

Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average fell into what’s known as a bear market. Tokyo, Sydney and Shanghai advanced while Hong Kong and Seoul declined. U.S. futures rose and oil prices also were...

Rare bear market in bonds strips investors of safe haven

Sep. 22, 2022 11:11 AM EDT

NEW YORK (AP) — A rare bear market in bonds hasn't gotten much attention, but it may be inflicting more pain on investors than the downturns for stocks, cryptocurrencies and other investments. Investment-grade bonds — those issued by governments and corporations with good credit...

Text of the Federal Reserve's policy statement Wednesday

Sep. 21, 2022 14:32 PM EDT

WASHINGTON (AP) — Below is the statement the Fed released Wednesday after its policy meeting ended: Recent indicators point to modest growth in spending and production. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains...

How steep Fed rate hikes affect your finances

Sep. 21, 2022 14:08 PM EDT

NEW YORK (AP) — Mortgage rates have jumped, home sales have slumped and credit cards and auto loans have gotten pricier. Savings rates are slightly juicier, though. As the Federal Reserve has rapidly increased interest rates, many economists say they fear that a recession is...

Editorial Roundup: Ohio

Sep. 19, 2022 16:47 PM EDT

Toledo Blade. September 18, 2022. Editorial: Ohio’s bond rating built on neglect Ohio is celebrating the best bond rating it has received since 1979. Fitch Ratings gives Ohio AAA ratings based on “fiscal reserves and cash balances.” A better bond...

Former Westwood College students get federal debt canceled

Aug. 30, 2022 11:37 AM EDT

WASHINGTON (AP) — Any federal student loans used to attend the for-profit Westwood College from 2002 through 2015 will be canceled after federal officials found that the school greatly exaggerated the job prospects of its graduates, the Biden administration announced Tuesday. The...

Student loan forgiveness could help more than 40 million

Aug. 25, 2022 13:14 PM EDT

WASHINGTON (AP) — More than 40 million Americans could see their student loan debt reduced — and in many cases eliminated — under the long-awaited forgiveness plan President Joe Biden announced Wednesday, a historic but politically divisive move in the run-up to the midterm elections. ...