Latest Government securities News

Fed plans more Treasury purchases to control lending rates

Oct. 11, 2019 1:39 PM EDT

WASHINGTON (AP) — The Federal Reserve said Friday that it will buy short-term Treasury bills each month until the second quarter of 2020 to inject cash into the banking system and make it easier to control its benchmark lending rate. The action marks the Fed's latest response to a shortage of cash reserves...

China announces timetable for opening finance industries

Oct. 11, 2019 7:51 AM EDT

BEIJING (AP) — China announced a timetable Friday for carrying out a promise to allow full foreign ownership of some finance businesses, starting with futures traders on Jan. 1, as Beijing tries to make its slowing economy more competitive and efficient. Ownership limits will be ended for mutual fund...

European Central Bank minority opposed bond-buying stimulus

Oct. 10, 2019 12:47 PM EDT

FRANKFURT, Germany (AP) — European Central Bank policymakers haggled extensively over several parts of the stimulus package unveiled at their meeting last month, with dissenters objecting to the relaunch of bond purchases aimed at lifting inflation and growth in the 19-country eurozone economy. The written...

In historic sale, Greek debt carries negative interest rate

Oct. 9, 2019 2:50 PM EDT

ATHENS, Greece (AP) — More than a year after Greece exited its bailout programs, investors made history in the country Wednesday by buying its short-term debt at a negative yield, meaning they volunteered at least in theory to get less money back than they paid. Greece's debt management agency said it...

Powell sees cooler US hiring in possible hint of rate cuts

Oct. 8, 2019 5:05 PM EDT

WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys, likely...

Louisiana senator: Treasury to boost work on savings bonds

Oct. 6, 2019 11:15 AM EDT

BATON ROUGE, La. (AP) — Louisiana's U.S. Sen. John Kennedy says the federal Treasury Department will expand its work to pay out nearly $26 billion in unclaimed savings bonds. The Republican senator pressed the federal agency to do more to get people the money that belongs to them. That includes about $340...

Regulators want bigger bonds from oil, gas drillers

Sep. 30, 2019 1:06 AM EDT

RAPID CITY, S.D. (AP) — State regulators will ask the Legislature to require bigger financial guarantees for oil and gas wells in response to a failed 40-well natural gas project in northwest South Dakota. Under current state law, drillers of wells shallower than 5,500 feet can choose to post a $10,000...

Federal board files plan to reduce Puerto Rico debt by 60%

Sep. 27, 2019 6:23 PM EDT

SAN JUAN, Puerto Rico (AP) — A federal control board that oversees Puerto Rico's finances filed in court Friday a long-awaited plan that it says would reduce the U.S. territory's debt by more than 60 percent and pull the island out of bankruptcy. The plan comes three years after the U.S. Congress created...

Top ECB official resigns after questioning stimulus

Sep. 25, 2019 8:11 PM EDT

FRANKFURT, Germany (AP) — A member of the European Central Bank's leadership has resigned after publicly questioning the need for the bank's stimulus efforts, opening an unexpected vacancy on the institutions' top executive body amid public criticism of its policies by some of its own officials. Sabine...

World shares edge higher as China-US trade talks planned

Sep. 24, 2019 8:33 AM EDT

BANGKOK (AP) — World shares edged higher on Tuesday after U.S. Treasury Secretary Steven Mnuchin confirmed that China-U.S. trade talks were due to resume in two weeks' time. Germany's DAX was up less than 0.1% at 12,346, while the CAC 40 in Paris rose 0.2% to 5,641. Britain's FTSE 100 edged 0.2% lower to...