Following speculation of a practical solution to the European debt catastrophe, treasuries plunged further yesterday. Pressure from external authorities binds government and financial experts overseas, as U.S. Treasury Secretary Timothy Geitner continues to urge European nations to diffuse compounding debt.
Stephanie loves cats, golf, makeup and red wine – and her love of those is not always mutually exclusive. Throw in Stephanie’s fondness of personal finance, homeowner tips and everyday life hacks, and that’s where things get really interesting.
Rates improved last week on continued global economic uncertainty, the passing of the financial reform bill by the Senate and the move by Germany to limit short selling. Some of the key economic releases slated for the week include April’s new and existing home sales, April’s durable goods, along with a total of $113 billion of Treasury auctions.