U.S. Treasury Yields Rise as Economies Reopen

U.S. government-bond yields climbed, lifted by investors' optimism over resumed economic activity around the world. The yield on the benchmark 10-year note rose toward the high end of its recent range. 


 
As Its Economy Slows, China Embraces a Weaker Currency

China set a reference rate for the yuan at its weakest point in 12 years, a signal that Beijing sees the benefits of a weaker currency as it grapples with an economic slowdown and rising tensions with Washington. 


 
Justice Department Closing Insider-Trading Investigations Into Three U.S. Senators

The Justice Department is closing investigations into three U.S. senators for stocks trades made shortly before the coronavirus market turmoil, but is continuing a related investigation into Sen. Richard Burr, according to people familiar with the matter. 


 
Wirecard Delays Results Again

Wirecard said publication of its results for 2019 would be postponed for the third time as not all audit procedures have been completed. 


 
Life Insurers Face Future Rate Pain

The coronavirus may pose a bigger challenge to life insurers through markets rather than mortality. 


 
Bank of Canada Chief Says Significant Stimulus Needed

The Bank of Canada anticipates providing the economy with sizable stimulus for the foreseeable future to help the country rebuild from the damage caused by the pandemic, Governor Stephen Poloz said. 


 
Mortgage Credit Tightens, Creating Drag on Any Economic Recovery

Housing is often the most immediate way the Federal Reserve transmits lower interest rates to the economy, as homeowners refinance to free up cash and as home buying spurs construction and spending. But the downturn and prepandemic regulations are making lenders skittish. 


 
Regulator Says Europe's Banks Are Stronger, but Some May Not Weather Crisis

Europe's banks have built enough buffers to face the effects of the coronavirus pandemic, but not all will be able to weather a sharp fall in profitability as loans turn sour and the cost of raising funds rise, a banking regulator said. 


 
Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services 


 
Chinese Developers Drag Asia's Junk-Bond Market Out of the Doldrums

Asia's junk-bond market is slowly coming back to life, with Chinese property developers at the forefront of the recovery.