The Fed can take these two steps if its balance sheet expansion is making markets too frothy, says key Bofa strategist

Now that it has calmed the repo market, the Federal Reserve might consider a few regulatory tweaks to tame risk-taking as its balance sheet expands, says Bank of America Global Research’s Mark Cabana, who saw the funding squeeze coming last September. Whether or not the Fed believes its moves to soothe money markets constitute a form of unintended monetary policy […]

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Treasury yields and stocks spiral lower over virus fears and Hong Kong downgrade

U.S. Treasury yields were on the slide in early Tuesday trade as fears around a rapidly spreading virus in Asia along with a credit rating downgrade for Hong Kong, the region’s premier financial center, drove investors into haven assets. The 10-year Treasury note yieldTMUBMUSD10Y, -1.49%  slipped 3.5 basis points to 1.800%, while the 2-year note rateTMUBMUSD02Y, -0.79%  was down 2.2 […]

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U.S. government bond yields pop higher after upbeat economic reports

U.S. Treasury yields rose Thursday midday after data painted a relatively healthy picture of the domestic economy, supporting modest selling of government paper that has mostly attracted bids over the past week, despite a rally in stocks, which ordinarily rise in step with bond yields. The yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +1.47% was last up 2.4 basis points […]

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Five free apps that can help make you richer in 2020

The new year brings new resolve to be better with our money  for millions of people across the country, the trouble is life frequently gets in the way. In fact, research from the Open Up 2020 Challenge shared exclusively with Mirror Money shows 51% of Brits made new year’s resolutions to save more, while more than two in five (44%) […]

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Everyone should be worried about Social Security and 401(k) plans — including the presidential candidates

Democratic candidates have voiced their opinions on climate change, universal health care and the current president for months, but Tuesday marks the seventh and last debate before primary voting begins — and they still haven’t talked much about Americans’ future financial security. Candidates have only a limited time on stage to persuade voters, but they’ve missed a big opportunity in […]

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Retired and facing a stock market downturn? Here’s what you should — and shouldn’t — do

Retirement savers are cautioned not to change investment strategies during market volatility, but it can be tempting when the value of your investments is falling before your eyes and you rely on that money. Often times, retirees shouldn’t change their strategies too much when the market first starts acting up. If you’ve got a thoughtful financial plan and a diversified […]

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More borrowers are getting rejected for auto loans

U.S. consumers might have their pick of employment in today’s robust job market, but that doesn’t mean everyone is getting financed for a car. A Federal Reserve Bank of New York survey of consumer credit released Monday showed a spike in the rate of auto-loan rejections, to 8.1% in October from 4.5% in the same month last year. And for […]

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