I keep most of my writing fairly theoretical, and not too focused on reacting to the latest events or controversies. However, it seems striking how the major questions at present are driven by factors that are not readily dealt with by economic... (full story)
In one sense, the week ahead should be a quiet, dull semi-vacation. As Nat King Cole explained , the Lazy-Hazy-Crazy days of summer - pretzels, beer, and bikinis that never got wet. It is the lull before earnings and includes a light economic... (full story)
How is a Greek default different from a Puerto Rican default? Answer: Puerto Rico doesn't have its own banking system. It can't shut down banks. Banks in Puerto Rico are not loaded up on Puerto Rican debt, so depositors are not in danger if the... (full story)
It's not like Fitch was ahead of the curve when it declared on Friday that the "four largest Greek banks have failed…" two days after downgrading them to "RD" (Restricted Default) because they'd defaulted on their... (full story)
The UK PMI surveys indicate that the pace of economic growth rebounded in June, recovering from what appears to have been a brief lull caused by the general election. Slower growth in a manufacturing sector that continues to be hurt by the strength... (full story)
(1) Treasury Yields - The interest rate that the U.S. Treasury pays to borrow money.
(2) Bank Rates - The federal funds rate is the rate that banks pay to borrow reserves from each other in the interbank market. The prime rate is the rate that banks charge for loans to their best customers.
(3) The interest rate swap rate represents the fixed rate paid on a rate swap to receive payments based on a floating rate. Our Dollar Interest Rate Swaps page shows 1-, 5-, 10-, and 30-year rate swap charts, as well as historical rate swap data tables.
(4) Mortgage Rates - Mortgage rates are the rates that banks charge for loans to homeowners with the home used as collateral for the loan. Fixed-rate mortgage rates are fixed over the term of the loan whereas adjustable-rate mortgages (ARMs) vary over the term of the loan.