Category: Credit and Debt

France Is Veering Toward a Potential Debt Crisis, a Warning to the World

The New York Times – Business:
French bond investors are demanding sharply higher interest rates, a cautionary development for other high-debt countries.
Trump Administration Investigates Wells Fargo for Race-Based Lending

The New York Times – Business:
The federal housing agency says the bank’s efforts to encourage Black homeownership amount to discrimination.
Rebuked by Bond Market, Bessent Says ‘House’ Does Not Always Win

The New York Times – Business:
The Treasury secretary said in an interview with Axios that he cannot control the Treasury market but argued that U.S. bond yields would come back down over time.
Pay Advance Apps May Be Costlier Than Workers Think

The New York Times – Business:
The loans tide borrowers over until their next paycheck. The apps offer no-cost options, but most users end up paying high fees, a report finds.
Treasury Plans $6 Billion in Debt Repurchases to Battle Rising Yields

The New York Times – Business:
Bond yields rose after the announcement, suggesting investors were underwhelmed by the size of the purchases.
The Pros and Cons of Paying Off Your Mortgage Early

The New York Times – Business:
Homeowners who make extra payments can save thousands of dollars in interest. But, financial experts say, paying down other debt, with higher interest rates, may be a better option.
Global Bond Rates Are Rising. What Should You Do Now?

The New York Times – Business:
If you own bonds, they may be in a broad fund that hasn’t lost much money. And that fund may do much better in the next several years.
What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates

The New York Times – Business:
The Treasury Department said it could begin to buy back more of its debt, and bond market investors are assessing the potential effects on borrowing costs.
An Ancient Sumerian Solution to Our $40 Trillion Deficit

The New York Times – On the Runway:
In the ancient world, debt forgiveness was a regular tool to control the economy. Why have we forgotten it?
Markets Rally After U.S. Treasury Tries to Ease Bond Market Stress

The New York Times – Business:
Government bond yields fell and stocks jumped on a move by the Treasury Department to double the amount of debt that it can buy back from investors.
‘Buy Now, Pay Later’ Lenders Pitch Loans for Needs Like Electricity and Rent

The New York Times – Business:
The rapid growth of pay-later loans raises questions about whether their popularity is driven by consumer preference or desperation.
Consumer Debt Data Shows ‘Overall’ Health Amid Persisting Divides

The New York Times – Business:
Homeowners with low fixed-rate mortgages lead a resilient picture of the economy. But many consumers are frustrated with declining real wages and other loans.