On Tuesday, Democratic Presidential Candidate Joe Biden said he wouldn’t be surprised if the Democratic National Convention was rescheduled due to the coronavirus crisis. Yahoo Finance’s Rick Newman joins the On The Move panel to discuss....
(Bloomberg) -- The Federal Reserve is trying to call time on a fire sale of Treasuries by foreign governments and central banks.Foreign official holders of Treasuries dumped more than $100 billion in the three weeks to March 25, on course for the biggest monthly drop on record, according to weekly Fed custody data that captures much of the pandemic-fueled turmoil. They joined others seeking to unload government debt globally to raise cash amid the volatility, according to traders and market makers familiar with the transactions. Countries reliant on oil exports and smaller Asian economies have been selling U.S. debt, and central banks have been primarily offloading older, less-liquid Treasuries, these people said.The Fed on Tuesday rolled out its latest effort to restore proper functioning in markets, on top of moves to ramp up debt purchases and backstop several market sectors. It introduced a temporary repurchase agreement facility that will let other...
