Retirement Was Always Supposed to Start at Age 70: Here’s Why That Changed
The notion of retirement beginning at age 70 dates back more than a century. Find out why it eventually changed to age 65.
Powell stresses commitment to cooling prices as Fed hikes rates
The Federal Reserve raised interest rates at a ninth straight meeting and indicated there may be more hikes to come in a clear sign it’s confident that its bid to quell inflation won’t deepen a nascent banking crisis. The Federal Open Market Committee voted unanimously to increase its target for the federal funds rate by … [Read more…]
10 Events that Shaped the Course of History
Throughout history, there have been numerous significant events that have had a profound impact on the world. These events have shaped the course of nations, influenced political and social movements, and changed the way people live and interact with each other. 1. The Civil Rights Movement The Civil Rights Movement of the 1960s was … Read more
River cruise packing list: What to pack when traveling by riverboat
Stocks and Bond Yields Moving Higher Together; Fed on Deck
Stocks and Bond Yields Moving Higher Together; Fed on Deck Today’s trading session turned out to be every bit as simple as it seemed like it would be this morning. Why so simple? There were clear indications that improved sentiment in the banking sector was fueling a ‘risk-on’ trading pattern in Europe (i.e. stock prices and bond yields moving higher together). This extended to US markets, but especially to Treasuries. MBS actually outperformed, which isn’t too shocking considering Treasuries were the star performers when the market was trading in a risk-off direction. Econ Data / Events Existing Home Sales 4.58m vs 4.20m f’cast, 4.0m prev Market Movement Recap 08:58 AM Weaker overnight. Europe trades risk-on. 10yr up 10+ bps at 3.587. MBS down 3/8ths. 10:41 AM Moderate improvement since 9am, but still weaker on the day. MBS down less than a quarter point. 10yr up 8bps at 3.562. 01:40 PM Respectable 20yr bond auction without any major reaction in the bond market. 10yr up 10bps at 3.583 and MBS down just over a quarter point. 03:45 PM Stocks at highs. 10yr yields up 12.3bps at 3.606, near highs. MBS outperforming despite a brief scare due to illiquidity. Still down just over a quarter point.
FDIC buys more time to unload Silicon Valley Bank, plans breakup
Parties may submit separate bids for Silicon Valley Bridge Bank N.A. and its subsidiary Silicon Valley Private Bank, the FDIC says.Sundry Photography/Sundry Photography – stock.adobe WASHINGTON — The Federal Deposit Insurance Corp. says it will give potential suitors more time to bid for Silicon Valley Bank and will break up the bank, the latest steps … [Read more…]
8 Countries With the Most Useful Passports
People with passports from these countries can easily see more of the world.
When is a draw a win? Coco & Dash- HÃ¤stens trademark cases are … – Home Accents Today
When is a draw a win? Coco & Dash- HÃ¤stens trademark cases are … Home Accents Today
10 of the Greatest Ancient African Empires
Long before the Europeans arrived in Africa, great kingdoms and empires ruled over different parts of the continent. Their rulers presided over various courts and counsels where culture, tradition, arts, and dance flourished, and their scholars made remarkable advancements in science, medicine, and astronomy. They journeyed to faraway lands to facilitate trade and international relations, … Read more