Latest Debt and bond markets News

How major US stock indexes fared Tuesday

Sep. 28, 2021 16:42 PM EDT

Technology companies led a broad slide in stocks on Wall Street Tuesday as investors reacted to a surge in U.S. government bond yields. The benchmark S&P 500 index had its worst drop since May, and the tech-heavy Nasdaq had its worst drop since March. The main action...

Big pressure on Biden, Dems to trim $3.5T federal overhaul

Sep. 28, 2021 16:37 PM EDT

WASHINGTON (AP) — Pressure mounting, President Joe Biden and Democrats in Congress strained Tuesday to trim back his $3.5 trillion government overhaul to win support from two key holdout senators ahead of make-or-break deadlines for votes. Child care subsidies could be...

Spike in bond yields spooks investors, deflates tech stocks

Sep. 28, 2021 16:09 PM EDT

Technology companies led a broad slide in stocks on Wall Street Tuesday as investors reacted to a surge in U.S. government bond yields. The benchmark index fell 2%, its worst drop since May, and the tech-heavy Nasdaq fell 2.8%, its worst drop since March. The main action was again in the bond...

Yellen warns delay in raising debt limit will slow economy

Sep. 28, 2021 15:41 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen sounded an urgent call Tuesday for Congress to raise the government's borrowing limit, a day after Senate Republicans blocked consideration of a bill that would have done so. If the debt limit isn’t raised by Oct....

2 top Fed officials retire in wake of trading disclosures

Sep. 27, 2021 19:29 PM EDT

WASHINGTON (AP) — In a rare moment of ethical controversy for the Federal Reserve, two top officials resigned Monday in the wake of revelations about their financial trading that exposed potential shortcomings in the Fed's rules on investments. Eric Rosengren, the...

What's the price of Biden’s plan? Democrats drive for zero

Sep. 26, 2021 07:29 AM EDT

WASHINGTON (AP) — What will it cost to enact President Joe Biden’s massive expansion of social programs? Congress has authorized spending up to $3.5 trillion over a decade, but Biden is prodding Democrats to fully cover the cost of the legislation — by raising...

Asian shares, Wall Street hold gains after Fed statement

Sep. 22, 2021 21:54 PM EDT

Asian shares were mostly higher on Thursday after the Federal Reserve signaled it may begin easing its extraordinary support measures for the economy later this year. Shares rose in Hong Kong, Shanghai, Australia and Taiwan but fell in South Korea and Malaysia. U.S....

Biden presses fellow Dems: Resolve party split on $3.5T plan

Sep. 22, 2021 21:27 PM EDT

WASHINGTON (AP) — With a personal push, President Joe Biden pressed fellow Democrats to hasten work on his big “build back better” agenda Wednesday, telling them to come up with a final framework and their best topline budget figure as the party labors to bridge its divisions in...

Under pressure, Powell says Fed to revamp its trading rules

Sep. 22, 2021 19:09 PM EDT

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Wednesday that the central bank will overhaul its financial ethics policies in response to growing questions about investing and trading decisions by high-ranking Fed officials that raise potential conflicts of interest. ...

House OKs debt and funding plan, inviting clash with GOP

Sep. 21, 2021 21:46 PM EDT

WASHINGTON (AP) — The House voted late Tuesday to keep the government funded, suspend the federal debt limit and provide disaster and refugee aid, setting up a high-stakes showdown with Republicans who oppose the package despite the risk of triggering a fiscal crisis. ...