Category: Credit and Debt

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.
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.
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.
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.
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.