The Silent Price You’ll Pay for Our Mounting National Debt

After an unexpectedly hawkish Federal Reserve raised interest rates by 75 basis points for the third consecutive time last week, all eyes were on markets and the economy. Few, however, paid attention to the effect persistent inflation and higher interest rates will have on Uncle Sam. That’s surprising. The gross interest expense on the national … Read more

Housing still has ‘a lot of wiggle room’ in a recession, even with mortgage rates near a 20-year high, according to this investor

Mortgage rates that briefly touched a 20-year high this week aren’t likely to crash this US housing market, according to Al Otero, portfolio manager for HAUS, Armada ETF Advisors. Instead, a robust employment backdrop and the huge equity cushion homeowners have been sitting on after two years of enormous price gains will give the housing … Read more

Opinion: Rate hikes are spooking the market, but stock investors are focusing on the wrong rate

The stock market has been spooked by rising interest rates. Let’s think carefully, from a value investing standpoint, about these fears. Warren Buffett famously argued that investors should think of stocks as “disguised bonds,” in that stocks pay dividends, analogous to the coupons paid by bonds, and can be valued similarly. Bonds are routinely valued … Read more

Bond-market volatility touches one of highest levels since 2007-2009 financial crisis and recession

Volatility in the ordinarily sedate world of bonds climbed this week to one of the highest levels since the 2007-2009 financial crisis and recession. The ICE BofA MOVE Index, which tracks fixed-income volatility, soared to 158.12 as of Tuesday, the most recent data available, according to Refinitiv. That’s the highest since 2009, with the exception … Read more

10-Year US Treasury Yield Touches 4%

The yield on 10-year US government bonds briefly touched 4% for the first time in more than a decade Wednesday, the latest leg of a historically steep rise that has jolted financial markets this year. US Treasury yields, which rise when bond prices fall, extended recent gains early in the overnight trading session, putting the … Read more

Bank of England to Buy Bonds in Bid to Stop Spread of Crisis

LONDON—The Bank of England on Wednesday said it would buy UK government bonds with long maturities “on whatever scale is necessary” in an effort to restore order to the market after a large set of government tax cuts sent borrowing costs soaring. The move caused an immediate reaction, with bond prices both in the UK … Read more

Personal Finance for Newbies

Managing your personal finances involves managing both short- and long-term aspects of your finances. It also refers to an industry that offers products and services to help individuals manage their finances and investments. But, if you’re new to personal finance, all that may not mean much to you. So, let’s explain why personal finance is … Read more

Why a rising 10-year Treasury yield is rattling financial markets as it nears 4%

The 10-year Treasury yield, a vital benchmark that influences a vast array of consumer borrowing costs, is on its way to hitting 4% for the first time in at least 12 years — a development that’s starting to ripple across financial markets. The rate TMUBMUSD10Y, 3.978% soared to as high as 3.988% on Tuesday — … Read more

Opinion: Reset your retirement calculator now for today’s bleaker stock markets and make sure you’re still on track

When markets are down, you don’t want to look at your 401(k) statement. But with a potential “lost decade” of stock returns looming, you have to at least take a peek, because it’s time to get real about your ability to afford retirement. Economists often point to the fact that stock markets always eventually go … Read more