The 10-year US Treasury yield had surged to 4.30% on Wednesday morning, up by 17 basis points in a week, even as the Trump administration is trying to get mortgage rates to come down.
President Trump says he is directing the federal government to buy $200 billion in mortgage bonds, a move he said would help reduce mortgage rates at a time when Americans are worried about home ...
Series I Savings bonds are government-backed and specifically designed to protect savings from rising prices. Money; Getty Images ***Money is not a client of any investment adviser featured on this ...
U.S. inflation data for December will likely be the highlight of the week as investors continue to gauge the likely timing and extent of further interest-rate cuts by the Federal Reserve.
The selling spree cast doubts on the perceived stability of the debt-ridden nation.