Treasury 30-Year Yields Rise Most in 14 Months on Prospects for Inflation
Treasury 30-year bonds tumbled, pushing yields to the biggest weekly increase since August 2009, on speculation that Federal Reserve efforts to spur the economy will reignite inflation.
Gold and silver both spiked sharply at the start of New York dealing on Friday, briefly nearing yesterday’s record levels as Federal Reserve chairman Ben Bernanke spoke on monetary policy, and the US Dollar sank.
A man accused of having incited violent protests at the G20 economic summit in Toronto last June has been subjected to what his lawyer describes as “staggering” bail conditions.
Strikes spread to all France’s refineries today, raising the prospect of a nationwide fuel shortage.
It was a depressingly news-filled week for bankers on the mortgage front.
‘Costs of mitigating climate exceed benefits’ — ‘There is little point in surrendering our national economy to green adventures’.