[ad_1] The Federal Reserve ran an operating loss of $114.3 billion last year, its largest ever, a consequence of its campaign to aggressively support the economy in 2020 and 2021,…
Tag: Government Borrowing
The Hidden Force Pushing Mortgage Rates Down
[ad_1] Updated Jan. 4, 2024 12:01 pm ET A key factor that pushed up mortgage rates over the past two years is now starting to pull them down. Average 30-year…
India’s Infrastructure Push Is Key to Taking on China
[ad_1] The coming few years will be a litmus test for India’s ambition to become a manufacturing hub rivaling China. A big question mark is how quickly it can build…
Country Garden to Make CNY3.07 Billion Disposal to Aid Debt Restructuring
[ad_1] Chinese property giant Country Garden will sell a stake in a commercial center operator for about $428 million, using the proceeds to help restructure offshore debt. The indebted developer…
China Turns the Tables on Wall Street
[ad_1] Updated Dec. 13, 2023 12:53 am ET China is upending how the international financial system handles debt crises in the developing world. Wall Street isn’t happy. Large bond fund…
Why Treasury Auctions Have Wall Street on Edge
[ad_1] The U.S. Treasury prefers its debt sales to be humdrum affairs. Lately, they are sparking fireworks in markets. Scrutiny of Treasury auctions—whereby the government funds operations by selling the…
Stocks Open Higher; Treasury Yields Edge Up
[ad_1] Updated Dec. 7, 2023 10:24 am ET Is the economy headed for a soft landing or a recession? Major stock indexes edged higher at the open Thursday, but have…
Moody’s Cuts China Credit Outlook to Negative on Growing Debt Risks
[ad_1] Updated Dec. 5, 2023 5:53 am ET China’s mounting local government debt woes are putting pressure on the country’s credit ratings. Moody’s Investors Service lowered its outlook for China’s…