Latest Debt and bond markets News

President-elect Joe Biden and his wife Jill Biden arrive at Andrews Air Force Base, Tuesday, Jan. 19, 2021, in Andrews Air Force Base, Md. (AP Photo/Evan Vucci)

Biden charts new US direction, promises many Trump reversals

Jan. 20, 2021 12:34 AM EST

WASHINGTON (AP) — Stop. Stabilize. Then move — but in a vastly different direction. President-elect Joe Biden is pledging a new path for the nation after Donald Trump’s four years in office. That starts with confronting a pandemic that has killed 400,000 Americans and extends to sweeping...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Powell signals Fed will keep aiding economy with bond buying

Jan. 14, 2021 4:50 PM EST

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell sought Thursday to tamp down any concerns that the Fed might soon withdraw some of its support for the U.S. economy and stressed that any such pullback would be signaled far in advance. During an online discussion hosted by Princeton University, from...

In this photo provided by the New York Stock Exchange, traders Edward MacCarthy, left, and Robert Charmak work on the trading floor, Tuesday, Jan. 12, 2021. U.S. stocks are drifting near their record heights Tuesday, while Treasury yields keep marching higher amid expectations that the economy will pull out of its slump after a powerful recovery sweeps the globe later this year. (Colin Ziemer/New York Stock Exchange via AP)

Asian stocks mixed after Wall St rebounds from uncertainty

Jan. 12, 2021 11:19 PM EST

BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol. Tokyo, Australia and South Korea advanced while Shanghai was off by 0.1%. Hong Kong...

Work done on Mississippi River levee's drain damaged in 2013

Jan. 10, 2021 11:03 AM EST

GRAND TOWER, Ill. (AP) — Dry weather last summer allowed work to resume to finally finish repairs to a Mississippi River levee damaged in 2013 in southwestern Illinois when a drainage pipe failed, officials say. A year after the drain failed along the Big Muddy levee in the city of Grand Tower, then-Gov....

A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Jan. 7, 2021. Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. (AP Photo/Eugene Hoshiko)

Asian shares track Wall St rally on hopes for stimulus

Jan. 6, 2021 11:00 PM EST

Shares rose in Asia on Thursday after Wall Street rallied on expectations of more stimulus for the economy, despite chaotic scenes in Washington as Trump supporters stormed the U.S. Capitol. As Congress reconvened after disruptions to the process for recognizing the outcome of the U.S. presidential election,...

Sudanese Prime Minister Abdullah Hamdok, right, welcomes US Treasury Secretary Steven Mnuchin to the Cabinet Building, in Khartoum, Sudan, Wednesday, Jan. 6, 2021. The U.S. and Sudan have agreed to settle the African country's debt to the World Bank. The move comes after Mnuchin arrived in Sudan, the first visit by a senior American official since President Donald trump removed Sudan from the list of state sponsors of terrorism. (AP Photo)

Sudan says it signs pact on normalizing ties with Israel

Jan. 6, 2021 11:40 AM EST

CAIRO (AP) — Sudan on Wednesday said it had signed an agreement with the United States that paves the way for the cash-strapped African nation to normalize relations with Israel and help clear some of its massive debt to the World Bank. Justice Minister Nasredeen Abdulbari signed the deal with visiting...

FILIE - This June 6, 2019, file photo shows the U.S. Treasury Department building at dusk in Washington. The President's Working Group on Financial Markets, led by the Treasury Department, issued a report Tuesday, Dec. 22, 2020, which said that the flight to safety triggered by the coronavirus pandemic last spring pointed to the need for reforms that will make money market funds less vulnerable to investors rushing to withdraw their funds. (AP Photo/Patrick Semansky, File)

Report: March turbulence shows need for financial reforms

Dec. 22, 2020 7:36 PM EST

WASHINGTON (AP) — A top government financial oversight panel says that the turbulence in financial markets last spring has exposed problems in the operation of money market funds that will need to be corrected before the next crisis hits. The President's Working Group on Financial Markets, led by the...

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed keeps rate near zero and sees brighter economy in 2021

Dec. 16, 2020 5:57 PM EST

WASHINGTON (AP) — The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes “substantial” progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely. The Fed also reiterated after its latest policy...

FILE - In this Sept. 20, 2016, file photo, Facebook CEO Mark Zuckerberg and his wife, Priscilla Chan, smile as they prepare for a speech in San Francisco. Supervisors in San Francisco are voting on a nonbinding resolution Tuesday, Dec. 15 to condemn the naming of the city's public hospital for Zuckerberg and his wife in 2015 after the couple gave $75 million toward the building of a new acute and trauma center. The resolution does not have the force of law and would not require the hospital to do anything if approved. (AP Photo/Jeff Chiu, File)

San Francisco board rebukes naming hospital for Facebook CEO

Dec. 15, 2020 8:06 PM EST

SAN FRANCISCO (AP) — Supervisors in San Francisco overwhelmingly approved a resolution Tuesday condemning the naming of the city's public hospital for Facebook co-founder Mark Zuckerberg and his wife, Dr. Priscilla Chan, in 2015 after the couple gave $75 million toward a new acute care and trauma center....

Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on Capitol Hill in Washington, Wednesday, Dec. 2, 2020. (Greg Nash/Pool via AP)

Fed to weigh further options for aiding US economy in peril

Dec. 14, 2020 12:17 PM EST

WASHINGTON (AP) — The Federal Reserve's policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening even while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines. When its meeting concludes Wednesday, the Fed could...