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Chip Somodevilla/Getty Images Treasury secretary Steve Mnuchin called top bankers Sunday following a tumultuous month for US markets. Monday, he will meet with top government officials overseeing the economy. On Sunday, Mnuchin addressed reports that Trump sought to fire Fed chairman Jay Powell following increased interest rates, tweeting a statement of denial. The U.S. Treasury […]
The Dow Jones Industrial Average fell more than 550 points as investors scrutinized the merits of a trade truce struck between the U.S. and China.
Evan Vucci/AP Treasury Secretary Steven Mnuchin has reportedly drawn President Donald Trump’s ire after a series of economic decisions and recommendations, according to The Wall Street Journal. Trump is said to have blamed Mnuchin, who backed the appointment of Federal Reserve Chairman Jerome Powell. Powell has raised interest rates three times in 2018, and more […]
Getty Images Saturday marks exactly 10 years since the collapse of Lehman Brothers, the biggest bankruptcy in the history of the United States, and the defining event of the financial crisis. The days after Lehman’s collapse were a frantic scramble to prevent the collapse of the whole financial system. At the heart of that scramble […]
Russia has held a major selloff of US Treasury bonds, dumping some $ 47bn-worth of papers and momentarily dropping six places on a list of major foreign holders of US securities, recently released statistics for April have shown. In just one month, Russia proceeded to sell $ 47.4 billion out of the $ 96.1 billion […]
Lucas Jackson/Reuters Stocks fell on Tuesday, with the Dow Jones industrial average closing in the red for the first time in eight sessions, as bond yields spiked to multi-year highs on the back of strong economic data and the US entered another round of trade talks with China. The dollar rose against its major peers. […]
MOST governments are happy when foreigners want their bonds, especially when those foreigners are long-term holders, like central banks. But America is different. It worries that some foreign governments buy its debt to keep the dollar pricey and their own currencies cheap. This “currency manipulation” gives other countries a competitive edge, raising their own trade […]
Here’s How You Can Get the US Treasury to Send You a Check Advertiser Disclosure The credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). […]
The downtrend for the 10-year is at its end. Numerous indicators show we are in the midst of an economic transition. Yields could rise for a long time. Take a close look at the monthly chart of benchmark 10-year US Treasury yield (Fig. 1) for the period 1981-2018, a 37-year period. The dominant bear market […]
The US Treasury has warned that imposing new sanctions on Russia’s sovereign debt market could cause massive repercussions for the US, a new unclassified document warns. The memo, obtained by Bloomberg, outlines the risks of expanding existing sanctions on Russia to include new sovereign debt and derivatives. The Treasury did not release the report publicly. […]
