U.S. Federal Reserve policymakers, in notes of its October meeting released Wednesday, indicated they may continue purchasing mortgage-backed securities and other assets to keep interest rates low and cash available in the banking system. The minutes say that if the job market and economy remain lackluster, the central bank will likely need to expand its […]
After Credit Downgrade, US Borrowing Costs Actually Fell
Posted August 12th, 2011 at 10:55 am (UTC-5)
A new analysis shows that borrowing costs for the U.S. government have fallen, contrary to the prediction of some economic experts that they would markedly increase after the country’s credit rating was downgraded. A U.S. business news outlet, Bloomberg, reported Friday that the $72 billion worth of notes the government auctioned this week collectively carried […]
US Sells 10-year Bonds at Record Low Rate
Posted August 10th, 2011 at 3:20 pm (UTC-5)
For the second day in a row, the United States has been able to sell government bonds at an all-time low interest rate, even after its top credit rating was downgraded. The U.S. auctioned $24 billion in 10-year securities on Wednesday at a record low 2.14 percent interest rate, after selling three-year bonds at an […]
US Successfully Sells First Bonds with Downgraded Credit Rating
Posted August 9th, 2011 at 3:25 pm (UTC-5)
The United States has successfully sold its first bonds since the country’s credit rating was downgraded, and at a record low interest rate. Investors have lost billions of dollars in the value of their stock holdings at exchanges throughout the world as the markets reacted to Standard & Poor’s U.S. credit rating downgrade last Friday […]
