Latest Debt and bond markets News

File-In this May 22, 2020, file photo, a car drives past the Federal Reserve building in Washington. The Federal Reserve on Sunday, June 28, 2020, released a list of roughly 750 companies, including Apple, Walmart, and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit.  The central bank also said it has, so far, purchased nearly $429 million in corporate bonds from 86 of those companies, including AT&T, Walgreen's, Microsoft, Pfizer, and Marathon Petroleum. (AP Photo/Patrick Semansky, File)

Apple, AT&T, Jack Daniel's: Fed issues details on bond buys

Jun. 28, 2020 9:46 PM EDT

WASHINGTON (AP) — The Federal Reserve on Sunday released a list of roughly 750 companies, including Apple, Walmart and ExxonMobil, whose corporate bonds it will purchase in the coming months in an effort to keep borrowing costs low and smooth the flow of credit. The central bank also said it has, so far,...

FILE - In this Oct. 23, 2019 file photo, developer Danny Gaekwad talks about the roof top bar on his Hilton Garden Inn hotel that is presently under construction  in Ocala, Fla.  Since the coronavirus crisis started, hotel owners say they are struggling to get relief on a type of loan that Wall Street investors buy.  [Doug Engle/Ocala Star-Banner via AP)

Wall Street-owned loans tricky for hoteliers in virus era

Jun. 25, 2020 10:21 AM EDT

ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that followed lockdowns and travel restrictions in March to stop the spread of the new coronavirus. At...

An electronic stock board showing Japan's Nikkei 225 index at a securities firm is seen at a street in Tokyo Wednesday, June 17, 2020. Major Asian stock markets declined Wednesday after Wall Street gained on hopes for a global economic recovery and Japan's exports sank. (AP Photo/Eugene Hoshiko)

Asia stocks lower after Wall Street gains on recovery hopes

Jun. 16, 2020 11:30 PM EDT

BEIJING (AP) — Major Asian stock markets declined Wednesday after Wall Street gained on hopes for a global economic recovery and Japan's exports sank. Market benchmarks in Shanghai, Tokyo, Hong Kong and Seoul retreated. On Wall Street, the benchmark S&P 500 index rose for a third day, gaining 1.9%...

A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)

Asian stocks follow Wall St higher after Fed ups bond buys

Jun. 16, 2020 12:10 AM EDT

TOKYO (AP) — Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 3.2% to 22,212.62. South Korea's Kospi gained 4.5% to 2,123.35, while Australia's S&P/ASX 200 jumped 3.7% to 5,932.40....

This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve said Monday, June 15, 2020 that it will begin purchasing corporate bonds as part of a previously-announced program to ensure companies can borrow through the bond market during the pandemic The program will purchase already-issued bonds on the open market and will seek to build a “broad and diversified” portfolio that will mimic a bond-market index. (AP Photo/Patrick Semansky)

Fed moves to ensure companies can tap bond market for funds

Jun. 15, 2020 8:36 PM EDT

WASHINGTON (AP) — The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as opposed to newly issued debt....

President Donald Trump listens during a roundtable discussion about

Trump may be stuck with awkwardly worded GOP platform

Jun. 12, 2020 5:52 PM EDT

President Donald Trump said Friday he wants “a new and updated” Republican Party platform after the Republican National Committee voted this week to carry over the 2016 document. But Trump may be stuck with the old platform, which is peppered with jeremiads about the “current...

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.   The Federal Reserve says it will keep buying bonds, Wednesday, June 10,  to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)

Fed to keep providing aid and sees no rate hike through 2022

Jun. 10, 2020 6:32 PM EDT

WASHINGTON (AP) — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signaled Wednesday that it expects to keep its key short-term interest rate near zero through 2022. At the same time, the Fed said it will keep buying about $120 billion in Treasury and mortgage...

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington.  The Federal Reserve on Wednesday June 3, approved an expansion of its $500 billion emergency program to support state and local governments. The expansion will allow all states to have at least two cities or counties eligible to tap the Fed support program regardless of population.(AP Photo/Jacquelyn Martin, File)

Powell likely to stress Fed's ability to further aid economy

Jun. 9, 2020 1:44 PM EDT

WASHINGTON (AP) — Chairman Jerome Powell faces a challenging task Wednesday: He'll need to make a convincing case that the Federal Reserve is committed to using all its tools to bolster an economy gripped by recession — without making any policy changes to show it. At a virtual news conference...

In this May 19, 2020, photo, Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as House Speaker Nancy Pelosi wants for the next relief bill or hit “pause” as McConnell insists. (AP Photo/Patrick Semansky)

McConnell discusses prospects for another round of relief

May. 26, 2020 3:23 PM EDT

Faced with a collapsed job market, Congress needs to tend to unemployment insurance funds supporting millions thrown out of work, but surging debt means there are limits to the scope of federal aid to help heal the coronavirus -damaged economy, the Senate's top leader said Tuesday. In his first public appearances...

German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)

Germany breaks taboo in effort to get EU through pandemic

May. 19, 2020 12:13 PM EDT

FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as a political breakththrough and an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her...