Mexico’s peso-denominated bonds were little changed, with the yield on the benchmark security close to a four-month high, on speculation quickening inflation will prompt central bankers to raise lending rates this year.
Yields on benchmark bonds have climbed 0.10 percentage point since Banco de Mexico raised its inflation forecast for this year on April 30, citing [...]
Federal Home Loan Banks were freed to increase their purchase of mortgage-backed bonds by about $150 billion as part of a government effort to pump money back into a market that slumped as the housing crisis deepened.
Directors of the Federal Housing Finance Board, the banks‘ regulator, approved the temporary increase today, according to an e-mailed [...]
March 24 (Bloomberg) — Federal Home Loan Banks were freed to increase their purchase of mortgage-backed bonds by about $150 billion as part of a government effort to pump money back into a market that slumped as the housing crisis deepened.
Directors of the Federal Housing Finance Board, the banks‘ regulator, approved the temporary increase today, [...]
The doom and gloomers in the press have had a field day since
the Reserve Bank raised the cash rate on Tuesday for the second
consecutive month. Dozens of journalists, having scoured Sydney’s
western suburbs looking for families in distress, pre-planned their
reports as if last week’s hike was a done deal. But if interest
rates are having such a [...]
Guns dont shoot people people do. So goes the defence of Americas arms
lobby.
In the same way subprime mortgages and the bonds secured by them have not
caused the financial and banking crisis that America faces today it is
individuals who bought and sold them who emerge as the real culprits. So who
can we blame for Wall Streets [...]
NEW YORK– Investment bank Lehman Brothers Holdings Inc. says its fiscal first-quarter earnings fell 57 per cent due to a steep decline in the company’s capital-markets business.
Net income for the quarter ended Feb. 29 fell to $489 million (U.S.), or 81 cents per share, the company said yesterday.
That compared with earnings of $1.15 billion, [...]
The doom and gloomers in the press have had a field day since
the Reserve Bank raised the cash rate on Tuesday for the second
consecutive month. Dozens of journalists, having scoured Sydney’s
western suburbs looking for families in distress, pre-planned their
reports as if last week’s hike was a done deal. But if interest
rates are having such a [...]
WITH less than a month to go before the end of the tax year fund managers are
bracing themselves for one of the worst Isa seasons for years.
The FTSE 100 index of leading shares has dropped 12% since January 1 and with
analysts warning that the turbulence could be far from over investors are
understandably concerned about committing [...]
He said lofty oil prices “should be getting lots of attention” by Wall Street. But, investors have instead been distracted by a nearly endless stream of bad news about the economy — from banks taking steep write-downs for soured mortgages to the loss of tens of thousands of jobs.To be sure, there is a lot [...]
MORGAN STANLEY (MS.N: Quote, Profile, Research)
Morgan Stanley announced 1,000 more job cuts on Feb. 13 in
its U.S. and British mortgage lending business, as well as
decisions to shut down a wholesale home lending business and
its Advantage Home Loans unit.
The second-largest U.S. investment bank, which suffered
$9.4 billion in mortgage trading losses in the fourth [...]
