Treasuries slumped after stronger-than-expected US job and wage growth prompted traders to trim bets that the Federal Reserve will cut interest rates this year. The Friday selloff lifted yields across maturities by as much as 10 basis points, led by shorter-dated tenors more sensitive to Fed rate changes. The benchmark 10-year note’s rate rose eight […]
Traders reel in Fed cut bets as strong job data drags on bonds Read More »
After a tepid Spring homebuying season, housing market headwinds continue to challenge demand for homebuying, but improved for-sale supply is providing buyers with more options and helping to keep softer price pressures for those looking to buy. And while annual home price growth has slowed considerably, home prices this spring have held steady, and gains
Housing finance outlook 2025: It’s a cruel, cruel summer Read More »
Treasury yields tumbled after weaker-than-expected gauges of job creation and service-sector activity strengthened traders’ conviction that the Federal Reserve could cut interest rates as soon as September. Two- to 10-year yields reached the lowest levels since at least May 9 after the ISM Services gauge for last month signaled contraction for the first time since
Treasury yields tumble as wagers on September fed rate cut grow Read More »
From left: New York Fed President John Williams and MBA Chair and President of Lennar Mortgage Laura Escobar The strength of U.S. consumers has kept the economy resilient, but recent developments raise the likelihood of a slowdown in 2025, according to a leading Federal Reserve official. Frequently changing tariff policy and the threat of geopolitical
Fed’s Williams flags tariff risks, signals 2025 slowdown Read More »
Investors face yet another bumpy start to the trading week, although it’s mounting concern over US debt rather than tariffs likely generating the volatility this time. Financial markets reopen in Asia on Monday after Moody’s Ratings announced Friday evening it was stripping the US government of its top credit rating, dropping the country to Aa1
Investors await another Monday jolt after Moody’s downgrades US Read More »
US states from Florida to North Carolina and Texas would likely hold onto top-notch credit scores from Moody’s Ratings, mostly because they’re in better fiscal shape than the federal government itself. More than a dozen states have pristine triple-A ratings from Moody’s, according to Bloomberg-compiled data, ranking them higher than the US government, which was stripped of
US states likely to defy US downgrade to keep top credit ratings Read More »
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