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Mortgage-backed securities issued by Fannie Mae and Freddie Mac plunged on Wednesday after Federal Reserve Chairman Ben Bernanke left open the possibility the central bank could begin tapering its debt purchases as the economic recovery progresses.MBS paying the lowest interest rates fell the most since they are the assets targeted by Fed's quantitative easing program. They are also the most vulnerable to rising benchmark rates, because the underlying loans aren't likely to be refinanced as often, leaving investors saddled with low-returning assets longer than expected.Exceeding a selloff in Treasury debt, Fannie Mae MBS with 3% coupons fell nearly 1 point to their lowest levels in a year and about five times the magnitude of a typical trading day, according to analysts. Generic Fannie Mae MBS yields rose to 2.8% from 2.67%, widening the spread to 10-year Treasury yields to 0.768 percentage point, the highest since Sept. 6, before the Fed announced its latest QE effort, Credit Suisse d...
Treasurys closed higher Tuesday after two Federal Reserve officials indicated that they are committed to maintaining the monetary-policy status quo in the near term....
U.S. stocks staged a modest rally on Tuesday ahead of Congressional testimony from Federal Reserve Chairman Ben Bernanke on Wednesday.The expectation that the centra...
Treasurys traded lower Tuesday morning as the government-bond market waits on pins and needles for guidance on the Federal Reserve's monetary plan going forward.The ...
Treasury prices were largely unchanged Tuesday morning as two Federal Reserve presidents prepared to make public appearances. Yield, which moves inversely to price, ...
The Treasury market turned a morning rally into an afternoon slump Monday as the benchmark U.S. government debt yield rose to its highest since mid-March.Market chat...
College graduates battling federal student loan costs might be able to refinance for a lower rate under proposed legislation.The bill, introduced by Sen. Kirsten Gil...
The U.S. stock market fell on Monday in a quiet trading session. The losses, however, were very minor and the sharp uptrend in equities continues to look intact.Neve...
Treasury prices moved higher Monday, as investors used a familiar yield threshold to jump into the market after three weeks of declines.The 10-year note (10_YEAR) yi...
Treasury prices moved higher Monday ahead of a speech by Chicago Federal Reserve President Charles Evans at 1 p.m., which kicks off a week full of Fed speakers. The ...
With the world's biggest central banks driving yields on safe assets to near zero, some investors are tossing caution to the wind and rushing to buy illiquid and pre...
U.S. stocks on Friday advanced to a fourth weekly gain, with both the Dow industrials and the S&P 500 at all-time closes, after data cast a positive spin on the econ...
Treasurys extended a price drop Friday on better-than-expected consumer sentiment data, pushing bond yields higher for the third straight week.Prices fell after the ...
Treasurys swiftly reacted to comments by Federal Reserve Chairman Ben Bernanke about the time frame for discussing changes to monetary policy, sending yields to thei...
Treasurys, which took a dive earlier Wednesday on comments made by Federal Reserve Chairman Ben Bernanke, pared some of their losses after the release of the minutes...
In Congressional testimony on Wednesday, Federal Reserve Chairman Ben Bernanke said that the central bank could begin winding down its $85 billion-per-month bond-buy...
The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off.They po...
U.S. stocks shed much of their early gains Wednesday and gold swung lower after Federal Reserve Chairman Ben Bernanke said, in answer to a question from a Congressio...
Treasurys took Fed Chairman Ben Bernanke's statement to Congress Wednesday as a positive sign, sending prices up and yields down. The 10-year note yield fell 3 basis...
Treasury prices rose Wednesday morning as the market prepared for congressional testimony from Federal Reserve Chairman Ben Bernanke. The benchmark 10-year note yiel...
