Latest Government bonds News

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. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs.  The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak.  (AP Photo/Jacquelyn Martin, File)

Fed steps in once again to try to smooth out lending markets

Mar. 31, 2020 9:49 AM EDT

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...

A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 24, 2020. 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. (AP Photo/Lee Jin-man)

Asian stocks gain after U.S. Fed promises economic support

Mar. 24, 2020 12:13 AM EDT

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...

Federal Reserve Chair Jerome Powell speaks during a news conference, Tuesday, March 3, 2020, to discuss an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus

Q&A: What did the Fed do Monday and who will it help?

Mar. 24, 2020 12:01 AM EDT

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...

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. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs.  The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak.  (AP Photo/Jacquelyn Martin, File)

Fed makes strongest bid yet to protect firms and governments

Mar. 23, 2020 9:10 PM EDT

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...

Federal Reserve Chair Jerome Powell pauses during a news conference, Tuesday, March 3, 2020, while discussing an announcement from the Federal Open Market Committee, in Washington. In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point in an effort to support the economy in the face of the spreading coronavirus. Chairman Jerome Powell noted that the coronavirus

AP Explains: What did the Federal Reserve do Sunday and why?

Mar. 16, 2020 6:49 PM EDT

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...

A woman wearing face mask walks past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, March 16, 2020. Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel. (AP Photo/Vincent Yu)

Financial markets in turmoil over fear of virus lockdowns

Mar. 16, 2020 8:51 AM EDT

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

Mar. 15, 2020 9:17 PM EDT

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

Mar. 15, 2020 5:49 PM EDT

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...

A Thai investor checks an electronic board showing stock prices at Asia Plus Securities, a private stock trading floor, in Bangkok, Thailand, Friday, March 13, 2020. Shares plunged in Asia on Friday, with benchmarks in Japan, Thailand and India sinking as much as 10% after Wall Street suffered its biggest drop since the Black Monday crash of 1987. (AP Photo/Sakchai Lalit)

The Latest: Canada cuts key interest rate in amid pandemic

Mar. 13, 2020 7:49 PM EDT

___ 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...

A broker watches his screens at the stock market in Frankfurt, Germany, Friday, March 13, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (AP Photo/Michael Probst)

Fed takes extra steps to sooth virus-rattled bond market

Mar. 13, 2020 2:20 PM EDT

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...