Latest Government bonds News
Fed steps in once again to try to smooth out lending markets
WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that financial...
Asian stocks gain after U.S. Fed promises economic support
BEIJING (AP) — Asian stock markets gained Tuesday after the U.S. Federal Reserve promised support to the struggling economy as Congress delayed action on a $2 trillion coronavirus aid package. Market benchmarks in Tokyo and South Korea rose nearly 7% while Shanghai, Hong Kong and Australian markets also...
Q&A: What did the Fed do Monday and who will it help?
WASHINGTON (AP) — The Federal Reserve took several aggressive steps Monday to support an economy ravaged by the effects of the coronavirus. The amount of money involved is huge and the Fed's ambitions are vast: It wants to make loans available to companies and governments so they can pay bills and...
Fed makes strongest bid yet to protect firms and governments
WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed announced an...
AP Explains: What did the Federal Reserve do Sunday and why?
WASHINGTON (AP) — A day after the Federal Reserve unleashed a massive amount of stimulus to blunt the economic damage from the coronavirus, on Monday the stock market plunged by the most since the Black Monday crash of 1987. But Treasury bond yields fell as their prices rose, a sign that at least some of...
Financial markets in turmoil over fear of virus lockdowns
BEIJING (AP) — Global stocks fell sharply Monday after central bank moves to shore up economic growth failed to dispel investor's fears over virus controls that are shutting down global business and travel. There were no glimmers of optimism: European and Asian stock indexes were down as much as 10%, as...
Fed takes emergency steps to slash rates and ease bank rules
WASHINGTON (AP) — The Federal Reserve took massive emergency action Sunday to try to help the economy withstand the coronavirus by slashing its benchmark interest rate to near zero and saying it would buy $700 billion in Treasury and mortgage bonds. The Fed’s surprise announcement signaled its...
Fed statement Sunday announcing emergency action for economy
WASHINGTON (AP) — Here is a statement the Federal Reserve issued Sunday announcing emergency action to aid the economy in the face of the coronavirus outbreak: The coronavirus outbreak has harmed communities and disrupted economic activity in many countries, including the United States. Global financial...
The Latest: Canada cuts key interest rate in amid pandemic
___ Canada's central bank has cut its overnight rate target by half a percentage point to 0.75% in response to the pandemic. Bank of Canada Governor Stephen Poloz announced the measure Friday. The bank already cut by half a point on March 4 due to the virus. Canadian Finance Minister Bill Morneau says a $10...
Fed takes extra steps to sooth virus-rattled bond market
WASHINGTON (AP) — The Federal Reserve and the European Central Bank have taken large steps this week to try to calm financial markets and restore some degree of confidence. So far, it hasn't quite worked. The central banks are facing a crisis only partly responsive to the medicine they can provide. On...
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