Latest Debt and bond markets News

Let the recovery begin: EU chief OKs first virus plans

Jun. 16, 2021 11:56 AM EDT

MADRID (AP) — The European Union moved a step closer Wednesday to deploying the bloc’s massive pandemic recovery fund, with a top executive going to Portugal and Spain to announce the bloc’s initial endorsement of their national spending plans. European Commission...

EU raises €20 billion in 10-year bond to fund virus recovery

Jun. 15, 2021 13:21 PM EDT

BRUSSELS (AP) — The European Commission said on Tuesday it has raised €20 billion ($24.2 billion) through a 10-year bond as part of its plans to finance the 27-nation bloc's recovery from the coronavirus crisis. EU Commission president Ursula von der Leyen said the...

Pioneering investor dubbed 'China's First Shareholder' dies

Jun. 15, 2021 04:47 AM EDT

BEIJING (AP) — A former factory worker known as “China’s First Shareholder” after he amassed a fortune trading in the country’s infant financial markets starting in the 1980s has died, news reports said Tuesday. Yang Huaiding died Sunday at 71, the state-owned...

Stocks notch modest gains and a 3rd winning week for S&P 500

Jun. 11, 2021 17:07 PM EDT

Wall Street closed out a mostly listless week Friday with a wobbly day of trading that helped nudge the S&P 500 to its third straight weekly gain. The benchmark index edged up 0.2% after spending much of the day in the red. The small uptick was enough to lift the...

Greece taps markets for 4th time in 2021, raises 2.5bn euros

Jun. 09, 2021 10:23 AM EDT

ATHENS, Greece (AP) — Greece raised 2.5 billion euros ($3.1 billion) on Wednesday after reopening a 10-year bond auction, with demand reportedly more than 10 times the received amount. Finance Minister Christos Staikouras said the yield at the latest auction was close...

Editorial Roundup: Michigan

Jun. 07, 2021 09:10 AM EDT

Detroit Free Press. May 30, 2021. Editorial: Michigan senators chart a path to real police reform There is growing consensus that the status quo in policing is unacceptable: among police officers, who find themselves at odds with the communities...

Biden's $6T budget: Social spending, taxes on business

May. 29, 2021 00:04 AM EDT

WASHINGTON (AP) — President Joe Biden is proposing a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling totally...

Biden's $6T budget: Social spending, taxes on business

May. 28, 2021 17:54 PM EDT

WASHINGTON (AP) — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the nation’s spiking debt from spiraling...

US stocks cling to modest gains and end the week higher

May. 28, 2021 17:14 PM EDT

Stocks capped a listless day of trading on Wall Street with modest gains Friday and the S&P 500's first weekly gain in three weeks. Gains in technology and health care companies outweighed a slide in communications stocks, retailers and elsewhere in the market. The...

How major US stock indexes fared Friday

May. 28, 2021 17:08 PM EDT

Stocks held on to modest gains on Wall Street Friday, ending the week higher for the first time in three weeks. Investors took in stride a report showing that a closely watched measure of inflation came in somewhat hotter than expected last month. The yield on the...