Latest Government debt News

How major US stock indexes fared Friday

Feb. 21, 2020 4:57 PM EST

Stocks fell and bond prices rose sharply on Wall Street Friday amid fresh signs that the viral outbreak that originated in China is weighing on U.S. companies. The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. The price of gold also rose. Technology...

FILE - In this Feb. 6, 2020, file photo trader John Doyle works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Friday, Feb. 21. (AP Photo/Richard Drew, File)

Stocks sink, Treasury prices soar as investors seek safety

Feb. 21, 2020 4:54 PM EST

Stocks fell and bond prices rose sharply on Wall Street Friday amid signs that economic fallout from the viral outbreak that originated in China is hurting U.S. companies. The yield on the 30-year Treasury reached a record low as investors sought the safety of U.S. government bonds. The price of gold climbed...

FILE - In this Feb. 5, 2020, file photo specialist Dilip Patel, left, and trader John Panin work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Thursday, Feb. 20. (AP Photo/Richard Drew, File)

World markets slip on renewed fears over virus outbreak

Feb. 21, 2020 7:06 AM EST

BEIJING (AP) — Global stock markets slipped on Friday after a spike in new virus cases in South Korea and other countries refueled investor anxiety about China's disease outbreak. Benchmarks in Tokyo, Hong Kong and Sydney closed down and London, Frankfurt and other European indexes were trading lower. Wall...

FILE - In this Jan. 15, 2020 file photo, people look at the broken facade of Bank of Beirut that was smashed by anti-government protesters in Beirut, Lebanon. Fitch Ratings said Tuesday, Feb. 18, 2020, that Lebanon's financial position points to a likely restructuring of the country's massive debt and financial sector as the Arab nation passes though its worst financial and economic crisis in decades. Fitch Ratings' report comes as Lebanese officials are debating whether to pay back $1.2 billion worth of Eurobonds that will mature on March 9. (AP Photo/Bilal Hussein, File)

Banker: Lebanese debt holders ready to discuss refinancing

Feb. 19, 2020 12:44 PM EST

BEIRUT (AP) — If the government decides to refinance Lebanon's massive debt, it should be orderly and include negotiations with debt holders as foreign funds are ready for such discussions, the head of Lebanon's banking association said Wednesday. Lebanon is going through its worst financial and economic...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Tuesday, Feb. 18, 2020. Shares have fallen in Asia as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target and China moving to cancel major events including the Beijing auto show. (AP Photo/Eugene Hoshiko)

Shares take hit as virus outbreak slams profits, events

Feb. 18, 2020 7:08 AM EST

BANGKOK (AP) — Stock markets slipped Tuesday as the impact from the virus outbreak that began in China deepened, with Apple saying it would fail to meet its profit target this quarter and China moving to postpone or cancel major events, including the Beijing auto show. Britain's FTSE 100 dropped 1% to...

People walk past a bank electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Monday, Feb. 17, 2020. Markets are mixed in Asia, with Japan's benchmark slipping 0.8% after the government reported the economy contracted in the last quarter. (AP Photo/Vincent Yu)

Asian markets mixed: Japan skids; China helped by rate cut

Feb. 16, 2020 11:30 PM EST

BANGKOK (AP) — Markets were mixed in Asia on Monday, with Japan's benchmark slipping 0.8% after the government reported the economy contracted 6.3% in annual terms in the last quarter. China's shares got a boost after the central bank stepped in to help the economy with a rate cut, extra buying of...

Trader Ronald Madarasz works on the floor of the New York Stock Exchange, Friday, Feb. 14, 2020. U.S. stocks wobbled between small gains and losses in early trading Friday as investors focused on another round of mostly solid corporate earnings. (AP Photo/Richard Drew)

US stocks post small gains, major indexes up for the week

Feb. 14, 2020 5:13 PM EST

Wall Street closed out a wobbly day of trading Friday with the major stock indexes notching their second straight weekly gain. The S&P 500 and Nasdaq eked out tiny gains, good enough to nudge each to an all-time high for the fourth time this week. The Dow Jones Industrial Average ended with a slight loss....

European Central Bank President Christine Lagarde addresses European Parliament lawmakers during a monetary dialogue meeting at the European Parliament in Brussels, Thursday, Feb. 6, 2020. (AP Photo/Francisco Seco)

Negative interest rates turn saving, borrowing upside down

Feb. 14, 2020 11:00 AM EST

FRANKFURT, Germany (AP) — Imagine a mortgage that pays you the interest, not the other way around. Or a savings account where it's the bank, not the saver, who collects interest. Welcome to the upside-down world of ultra-low and negative interest rates that is taking hold in many parts of the world where...

A man wearing a face mask walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong, Friday, Feb. 14, 2020. Asian shares mostly fell Friday as investors turned cautious following a surge in cases of a new virus in China that threatens to crimp economic growth and hurt businesses worldwide. (AP Photo/Vincent Yu)

Asian stocks rebound from early losses as virus toll grows

Feb. 14, 2020 12:31 AM EST

Shares rebounded in Asia on Friday after an early sell-off, though Japan's benchmark declined as investors reacted to news of a growing number of cases of a new virus among the local population. The Nikkei 225 fell 0.6% in morning trading to 23,683.44. Australia's S&P/ASX 200 gained 0.4% to 7,134.70. South...

In this photo released by the Lebanese Government, Lebanon's Finance Minister Ghazi Wazni speaks during a press conference, at the Presidential Palace in Baabda, east of Beirut, Lebanon, Thursday, Feb. 13, 2020. Wazni said Thursday that its new government is weighing whether to pay or default on its $1.2 billion Eurobond maturing next month, amid an economic crisis that has sparked months of unrest. (Dalati Nohra/Lebanese Government via AP)

To pay or not to pay: Lebanon weighs Eurobond debt

Feb. 13, 2020 10:09 AM EST

BEIRUT (AP) — Lebanon's finance minister said Thursday the country's new government is weighing whether to pay or default on its $1.2 billion Eurobond debt, which matures next month, amid an economic crisis that has sparked months of unrest. Lebanon is grappling with its worst financial crisis since the...