Mortgage and Financial News From 2008-2-29 Page 21
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U.S. Stocks Decline on Economic Concern; AIG, Exxon Retreat
Bloomberg - Yields on Treasury securities slid, sending the two-year note's under 1.8 percent for the first time since April 2004, as investors increased bets on interest-rate cuts by the Federal Reserve.
2008-02-29 07:30:00 -
Oil briefly tops $103 a barrel for 1st time as US dollar weakness ...
AZCentral.com - It seems that further interest rate cuts, additional dollar weakness and more investment buying will anchor oil to higher prices," energy risk management firm Cameron Hanover said in its daily report.
2008-02-29 07:30:00 -
Treasurys Rally As Stocks Cave In
Washington Post - The 2-year yield is the most sensitive to interest rate policy concerns, and the fact that investors have been pushing it lower indicates the market expects more heavy rate cuts from the Federal Reserve soon.
2008-02-29 07:30:00 -
U.S. Economy: Spending Eroded by Inflation, Chicago Index Drops
Bloomberg - Traders increasingly anticipate the Fed will reduce its benchmark interest rate by 0.75 percentage point at or before the March 18 meeting of policy makers, according to futures prices.
2008-02-29 08:20:00 -
Bernanke Signals Rate Cut
Forbes - Federal Reserve Chairman Ben Bernanke, warning Congress of a period of sluggish business growth, sent a fresh signal Wednesday that the central bank will again lower interest rates to steady the teetering economy. "The economic situation has become ...
2008-02-27 07:18:00 -
Amer Eagle:$388M in Auction-Rate Sec
CNN Money - Auction-rate securities, or ARS, are long-term bonds that behave like short-term debt. The interest rates are reset in auctions conducted by Wall Street dealers regularly, from daily to every 35 days.
2008-02-29 07:23:00 -
Brazilian Real Snaps Nine-Day Rally as Global Equities Decline
Bloomberg - Brazil's real interest rate, calculated by subtracting annual inflation of 4.56 percent from the 11.25 percent Selic benchmark lending rate, is 6.69 percent, among the highest in the world.
2008-02-29 07:59:00 -
OUTLOOK BoE to keep interest rates on hold in March
FXStreet.com - LONDON (Thomson Financial) - The Bank of England's Monetary Policy Committee is widely expected to leave its benchmark interest rate on hold at 5.25 pct on Thursday. All but two of the 35 economists polled by Thomson Financial News expect the Bank ...
2008-02-29 04:52:00 -
High oil and dairy prices push euro inflation to January high, jobless ...
International Herald Tribune - Federal Reserve or the Bank of England, it has not cut rates, leaving its key interest rate unchanged at 4 percent since last summer. EU economic weather vanes painted a mixed picture for the economy on Friday with Eurostat figures showing that ...
2008-02-29 04:52:00 -
Keep your eyes open for the central banks' interest rate decisions and ...
FXStreet.com - We have been still experiencing turmoil in the currency and financial markets. We have seen the sharp depreciation of the USD against other currencies. The EUR/USD establised a record high at 1.5239, while the USD/CHF hit a record low at 1.0423. What ...
2008-02-29 07:59:00 -
U.K. Gilts Advance in Week, Pound Falls to Record Against Euro (Bloomberg.com)
Feb. 29 (Bloomberg) -- U.K. government bonds posted their first weekly gain in three, and the pound fell to a record against the euro, as traders added to bets the Bank of England will cut interest rates to shore up the economy.
2008-02-29 08:56:17 -
Examiner.com Related Articles: (The San Francisco Examiner)
"We really had to face a plethora of negative news," said Art Hogan, chief market strategist at Jefferies & Co. in Boston.
2008-02-29 08:56:44 -
Rough Friday on Wall Street (ABC News)
Stocks fall after AIG, Dell earnings disappoint; economic figures stir unease.
2008-02-29 08:57:06 -
Top Links From This Story: (The San Francisco Examiner)
Examiner Reader said: I agree with 3:32. Obama needs to get his butt back to the Senate and do the job he is paid for. Pelosi and company have not done anything except make the expected grab for power and not do the country's business. The blame game just gets real tired.
2008-02-29 08:57:12 -
International News> US slows to a crawl (Jamaica Gleaner)
The United States economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly.
2008-02-29 08:57:14