Latest Debt and bond markets News

Yellen outlines to Congress emergency measures on debt limit

Jul. 23, 2021 15:25 PM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen told Congress on Friday that she will start taking emergency measures next week to keep the government from an unprecedented default on the national debt, warning that a default would cause “irreparable harm to the U.S. economy and the...

Dems hit McConnell, who says GOP won't back debt limit boost

Jul. 22, 2021 07:04 AM EDT

WASHINGTON (AP) — Senate Democrats accused Republicans Wednesday of a “shameless, cynical” ploy that would damage the economy and the government's credit rating after the chamber's GOP leader said his party would vote against raising the federal debt limit. In the...

A small victory: Used-car prices slip from dizzy heights

Jul. 21, 2021 13:10 PM EDT

DEARBORN, Mich. (AP) — For months, anyone who wandered onto a dealer lot to look for a used car could be forgiven for doing a double take — and then wandering right off the lot. Prices had rocketed more than 40% from their levels just before the viral pandemic struck,...

District looks to fund repairs that are 'nothing exciting'

Jul. 20, 2021 14:28 PM EDT

VANCLEAVE, Miss. (AP) — Leaders of a coastal Mississippi school district are trying to figure out how to pay for repairs on buildings, two months after local voters rejected borrowing money for those and other projects. Jackson County Superintendent John Strycker told...

Acclaim, fundraising spread unevenly among Black colleges

Jul. 14, 2021 07:04 AM EDT

ATLANTA (AP) — Two recent high-profile faculty appointments could be a fundraising and enrollment bonanza for Howard University, one of the nation’s most prestigious Black colleges. Many other Black schools are not so fortunate; in fact, many are struggling. Some,...

Stocks close higher, capping a 3rd straight week of gains

Jul. 09, 2021 17:00 PM EDT

Bond yields rebounded solidly and stock indexes notched new highs Friday as Wall Street closed out a choppy, holiday-shortened week of trading with the market's third straight weekly gain. The S&P 500 index rose 1.1% to an all-time high for the second time this week....

Asian shares slip after Wall Street retreat, bond yields dip

Jul. 09, 2021 00:30 AM EDT

BANGKOK (AP) — Shares were mostly lower in Asia on Friday after stocks pulled back from their recent record highs on Wall Street as bond yields fell and investors turned cautious. Tokyo’s Nikkei 225 lost nearly 2%. Shares fell in Seoul, Sydney and Shanghai but rose...

How major US stock indexes fared Thursday

Jul. 08, 2021 16:33 PM EDT

Stocks pulled back from the record highs they’ve been setting as bond yields continued to fall and investors turned cautious. The S&P 500 fell, with technology, financial and industrial companies taking some of the biggest losses. The yield on the 10-year Treasury...

US average mortgage rates continue to fall; 30-year at 2.90%

Jul. 08, 2021 14:30 PM EDT

WASHINGTON (AP) — Mortgage rates continued to fall this week, tracking a decline in yields on Treasury securities as the bond market continues to signal concerns over the strength of the recovery from the pandemic recession. Mortgage buyer Freddie Mac reported Thursday...

Europe's central bank intensifies focus on climate change

Jul. 08, 2021 10:40 AM EDT

FRANKFURT, Germany (AP) — The European Central Bank has adopted a new approach to managing the economy that would tolerate transitory periods of consumer inflation moderately above its 2% goal — and take greater account of climate change in its forecasting and stimulus programs. ...