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.
Category: Credit and Debt
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What’s Behind the U.S. Treasury’s Latest Attempt to Lower Interest Rates
The New York Times – Business: -
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?
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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.
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‘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.
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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.
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As Credit Card Debt Mounts, Home Becomes a Piggy Bank
The New York Times – Business:A rise in home equity to record levels has led many Americans to refinance their mortgages to pay their bills.
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If You’re Struggling to Pay Day-to-Day Bills, There’s Help
The New York Times – Business:Nonprofit financial counselors say there has been a significant increase this year in the number of borrowers seeking their advice.
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Private Credit Can’t Stop the ‘Freak Out’
The New York Times – Business:On Thursday, Blue Owl reported another quarter of double-digit investor withdrawal requests from some of its private credit funds.
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Rates on New Student Loans Will Rise on July 1
The New York Times – Business:Higher interest rates take effect on July 1 for the next school year. Borrowers are already dealing with rising college costs and inflation elsewhere.
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Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
The New York Times – Business:Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
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Should You Lend Money to Friends? More People Are Open to the Arrangement.
The New York Times – Business:Friendship and money don’t always mix. But many Americans feel comfortable discussing financial issues with their friends and lending them money.
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British Politics Is Obsessing Over the Bond Market. Here’s Why.
The New York Times – Business:Britain is facing another round of turmoil in government leadership, jolting debt investors who were already on high alert over inflation.