Credit carnage spurs bargains on bonds tied to $16 trillion pile of U.S. household debt

Big bargains have made a roaring comeback on bonds tied to the $16.2 trillion pile of U.S. consumer debt. Higher borrowing costs, tighter credit conditions and sharp losses have been defining forces o...

Bank of America to Pay $1.84 Billion to Settle Last Major Mortgage-Crisis Suit

Bank of America closed the door on its last major litigation over mortgage bonds that were at the heart of the financial crisis of 2008. The Charlotte, N.C., bank said Friday it would pay $1.84 billio...

After a Brutal Bond Selloff, Opportunities Have Emerged for Income Investors

For many years, dividend stocks were one of the few places where investors could find decent yields in a world of ultralow rates. A 10-year Treasury bond was dealing out an emaciated 1.3% a year ago, ...

Carvana’s Share Price, Down 95% Since Pandemic Peak, Hits Another Roadblock

Few stocks suffered more after interest rates started rising than online used car seller Carvana its shares off 95% since their pandemic peak in August 2021. Carvana’s shares took their latest leg dow...

These Mortgage-Backed Securities Offer Hefty Yields, Mild Risk

Text size Bonds from Ginnie Mae, Fannie Mae, and Freddie Mac are more attractive than Treasuries or corporates. David Paul Morris/Bloomberg Move over TINA, it’s time for TARA. The latter stands for “T...

Fed’s Williams says could begin reducing balance sheet as soon as May meeting

The Federal Reserve may begin reducing its balance sheet as soon as its May 3-4 policy meeting to address the level of U.S. inflation that have become “particularly acute,” New York Fed chair John Wil...