Debt and bond markets

FILE - This July 31, 2019, file photo, shows the Federal Reserve logo ahead of the start of a scheduled news conference by Chairman Jerome Powell in Washington. The Federal Reserve says it purchased $1.3 billion in corporate bonds in late June 2020 as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. (AP Photo/Manuel Balce Ceneta, File)
July 10, 2020 - 7:54 pm
WASHINGTON (AP) — The Federal Reserve said Friday that it purchased $1.3 billion in corporate bonds in late June as part of its effort to keep U.S. interest rates low and ensure large companies can borrow by selling bonds. The Fed bought bonds issued by several hundred large companies, including AT...
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Prime Minister Justin Trudeau arrives for a news conference on the COVID-19 pandemic outside his residence at Rideau Cottage in Ottawa, Thursday, June 18, 2020. (Justin Tang/The Canadian Press via AP)
July 08, 2020 - 4:40 pm
OTTAWA (AP) — The Canadian government is predicting a historic CDN$343 billion (US$254 billion) deficit for 2020-21 resulting from its economic and stimulus plans to battle COVID-19. The amount, included in a fiscal “snapshot” the Liberal government released Wednesday, is a huge jump from the CDN$...
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FILE - In this Oct. 23, 2019 file photo, developer Danny Gaekwad talks about the roof top bar on his Hilton Garden Inn hotel that is presently under construction in Ocala, Fla. Since the coronavirus crisis started, hotel owners say they are struggling to get relief on a type of loan that Wall Street investors buy. [Doug Engle/Ocala Star-Banner via AP)
June 25, 2020 - 10:20 am
ORLANDO, Fla. (AP) — Hotel owner and developer Danny Gaekwad survived steep drops in business after the 9/11 attacks and the recession of the late 2000s, but nothing prepared him for the revenue tailspin that followed lockdowns and travel restrictions in March to stop the spread of the new...
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A man looks at an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Monday, June 15, 2020. Asian shares were mostly lower Monday on concern over a resurgence of coronavirus cases and pessimism after Wall Street posted its worst week in nearly three months. (AP Photo/Eugene Hoshiko)
June 16, 2020 - 12:09 am
TOKYO (AP) — Asian shares rose Tuesday, cheered by fresh moves by the U.S. Federal Reserve to support markets battered by the coronavirus pandemic. Japan's benchmark Nikkei 225 gained 3.2% to 22,212.62. South Korea's Kospi gained 4.5% to 2,123.35, while Australia's S&P/ASX 200 jumped 3.7% to 5,...
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This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve said Monday, June 15, 2020 that it will begin purchasing corporate bonds as part of a previously-announced program to ensure companies can borrow through the bond market during the pandemic The program will purchase already-issued bonds on the open market and will seek to build a “broad and diversified” portfolio that will mimic a bond-market index. (AP Photo/Patrick Semansky)
June 15, 2020 - 8:35 pm
WASHINGTON (AP) — The Federal Reserve said Monday that it will begin purchasing corporate bonds as part of a previously announced plan to ensure companies can borrow through the bond market during the pandemic. The program will purchase existing bonds on the open market, as opposed to newly issued...
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President Donald Trump listens during a roundtable discussion about "Transition to Greatness: Restoring, Rebuilding, and Renewing," at Gateway Church Dallas, Thursday, June 11, 2020, in Dallas.(AP Photo/Alex Brandon)
June 12, 2020 - 5:51 pm
President Donald Trump said Friday he wants “a new and updated” Republican Party platform after the Republican National Committee voted this week to carry over the 2016 document. But Trump may be stuck with the old platform, which is peppered with jeremiads about the “current administration” that...
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FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve says it will keep buying bonds, Wednesday, June 10, to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed’s policymakers foresee no rate hike through 2022. .(AP Photo/Jacquelyn Martin, File)
June 09, 2020 - 1:43 pm
WASHINGTON (AP) — Chairman Jerome Powell faces a challenging task Wednesday: He'll need to make a convincing case that the Federal Reserve is committed to using all its tools to bolster an economy gripped by recession — without making any policy changes to show it. At a virtual news conference...
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In this May 19, 2020, photo, Senate Majority Leader Mitch McConnell of Ky., speaks with reporters after meeting with Senate Republicans at their weekly luncheon on Capitol Hill in Washington. Congress is at a crossroads in the Covid-19 crisis. Lawmakers are wrestling over whether to “go big” as House Speaker Nancy Pelosi wants for the next relief bill or hit “pause” as McConnell insists. (AP Photo/Patrick Semansky)
AP News
May 26, 2020 - 3:23 pm
Faced with a collapsed job market, Congress needs to tend to unemployment insurance funds supporting millions thrown out of work, but surging debt means there are limits to the scope of federal aid to help heal the coronavirus -damaged economy, the Senate's top leader said Tuesday. In his first...
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German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)
May 19, 2020 - 12:13 pm
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as a political breakththrough and an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her...
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FILE - In this March 26, 2020, file photo, tractors groom the racing surface at the Pimlico Race Track in Baltimore, Md. The Preakness will remain at Pimlico Race Course into the foreseeable future, thanks to the passing of a bill to redevelop Maryland's race tracks with $375 million in bonds. (AP Photo/Steve Helber, File)
May 08, 2020 - 11:13 am
BALTIMORE (AP) — The Preakness will remain a fixture at timeworn Pimlico Race Course, which will receive a much-needed facelift following the passing of a bill to redevelop Maryland tracks. Gov. Larry Hogan on Thursday permitted a bill to become law that would enable the Maryland Stadium Authority...
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