FDIC Chairman on repo market, LIBOR, and farm loans

2019-11-12

FDIC Jelena McWilliams, FDIC Chairman, speaks at a commercial real estate conference in New York, November 6, 2019 The U.S. banking system is safer and healthier than it was a decade ago, before the 2008 financial crisis, but every so often, there is a hiccup or two. When trillions ofRead More →

Gold holds above $1,500 ahead of this week’s Fed meeting

2019-10-28

Gold futures edged lower Monday but held above the psychologically important level of $1,500 an ounce as traders await this week’s Federal Reserve policy meeting. Gold for December delivery GCZ19, -0.33%  on Comex fell $4.30, or 0.3%, to $1,501 an ounce, while December silver SIZ19, -0.06%  edged 1.9 cents higher,Read More →

A Danish bank is offering mortgages with negative interest rates — why you shouldn’t wish for that to happen in the U.S.

2019-08-12

It’s safe to say that mortgage rates have never been lower in Denmark. In fact, they’re now negative. Denmark’s Jyske Bank JYSKY, -20.24%, is now offering a 10-year fixed-rate mortgage at negative 0.5%. Additionally, Finland-based Nordea Bank announced Wednesday that it will offer a 20-year fixed-rate mortgage in Denmark thatRead More →

London markets stutter as Fed rate cut expectations ease

2019-07-08

London markets began the week in sluggish fashion as the prospect of U.S. rate cuts eased following Friday’s jobs boost. The FTSE 100 UKX, +0.01%   remained flat as rebounding mining giants helped the blue-chip index avoid major losses. Miners recovered from a three-day losing streak after China’s major steelRead More →

Disappointing jobs report gives lift to junk bonds

2019-06-08

The U.S. market for high-yield corporate bonds followed stocks higher on Friday after a disappointing jobs report bolstered hopes that more economic stimulus could be on the way. The number of new jobs created in May reached only 75,000, well below expectations for a gain of 185,000 predicted by economists.Read More →