Debt and bond markets news and stories by mail.com

Debt and bond markets

Fed links interest rates to 6.5 pct. unemployment
The Federal Reserve said Wednesday that it plans to keep interest rates ultra-low even after unemployment falls close to a normal level — which it ...
Why it's so hard to step back from 'fiscal cliff'
The "fiscal cliff" crisis bundles together some of Washington's toughest decisions — the ones lawmakers have dodged for years — and says settle them ...
Stocks end little changed after Fed rally fizzles
Stocks ended the day little changed Wednesday after a rally prompted by the Federal Reserve's latest economic stimulus program fizzled out. The Dow ...
Greece to buy back 31.9 billion euros of bonds
Greece will buy back €31.9 billion ($41.5 billion) of its bonds from private investors at a third of their nominal price, the debt agency said ...
Greece to announce bond buyback results Wednesday
Greece will reveal the results of a key debt buyback deal Wednesday, after an extended deadline for private investors to decide whether they will sell ...
Italian election means new stress for eurozone
Until last weekend, Europe seemed headed for a quiet Christmas and New Year's. Then Italy's Prime Minister Mario Monti unexpectedly announced he was ...
Greece extends bond buyback deadline for a day
In an attempt to generate stronger participation in its key government bond buyback program, Greece on Monday extended the deadline for banks, funds ...
Italy's PM says he intends to quit over crisis
Premier Mario Monti told the Italian president Saturday he is resigning soon, saying he can no longer govern after Silvio Berlusconi's party withdrew ...
Boehner: No progress in fiscal cliff talks
House Speaker John Boehner said Friday there has been no progress in negotiations to avert a "fiscal cliff" combination of automatic tax increases and ...
Greece's biggest banks to join in bond buyback
Greece's three biggest banks said Friday they would participate in a large bond buyback scheme that aims to chip away at the crisis-hit country's debt ...
Alan Simpson dances Gangnam Style to urge debt fix
Former U.S. Sen. Alan Simpson is dancing "Gangnam Style" to urge younger Americans to fix the national debt using their social media skills.
Monti gov't under fire as Berlusconi pulls support
Concerns over the stability of the Italian government grew on Thursday after Silvio Berlusconi's party withdrew its support from Premier Mario Monti, ...
Highlights of White House, GOP budget plans
The Obama administration and House Republicans have unveiled their opening offers in talks to avoid the so-called fiscal cliff. Details are scant but ...
Greek PM pledges first glimmer of recovery in 2013
Greece's prime minister on Tuesday promised an austerity-weary nation that 2013 will bring the first signs of economic recovery after a punishing ...
NYC breaks ground on 26-acre Hudson Yards project
Work to transform the largest undeveloped property in Manhattan from a railroad storage yard into a sleek new neighborhood of spiky high-rises and ...
GOP issues a new 'fiscal cliff' offer to Obama
House Republicans put forth a $2.2 trillion "fiscal cliff" counteroffer to President Barack Obama on Monday, calling for raising the eligibility age ...
Germany set to achieve balanced budget this year
Germany will achieve a balanced budget across all layers of government this year thanks to a resilient economy, low unemployment, higher tax revenues ...
Greece launches $13 billion bond buyback plan
Greece revealed Monday plans to spend up to €10 billion ($13 billion) in a bond buyback program that it hopes will help stabilize its mountainous debt
Greece, Cyprus center stage in eurozone meeting
Details of a plan for Greece to reduce its heavy debt by buying some of it back at bargain prices will be presented Monday to finance ministers from ...
Merkel does not rule out Greek haircut after 2014
Germany no longer rules out the possibility of forgiving Greece some of its debt once the country's finances are in order, Chancellor Angela Merkel ...
UK finance boss: Debt-cutting slower than expected
Britain's Treasury chief acknowledged Sunday the economy is taking longer than expected to recover from the financial crisis, but insisted he will not ...
Pressuring GOP, Obama takes his fiscal plan to Pa.
President Barack Obama argued Friday that allowing taxes to rise for the middle class would amount to a "lump of coal" for Christmas, while Republican ...
Cyprus rushes adoption of austerity measures
Cyprus' finance minister urged lawmakers Friday to approve a first batch of spending cuts and tax hikes agreed with international creditors by Dec.
Merkel's election schedule weighs on Greek bailout
German Chancellor Angela Merkel's upcoming re-election battle is shaping Europe's response to bailing out debt-ridden Greece. Her strategy: Do just ...
Greek FinMin: Debt buyback program must work
Greece's plan to buy back some of its bonds from private investors "must succeed" as it is a vital part of efforts to reduce the country's excessive ...