The US carmaker has shifted $1bn from loans to bonds, trimming its institutional loans to $2.5bn from $3.5bn and increasing its junk bond sale from $2.5bn to $3.5bn
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Posts Tagged ‘debt’
Chrysler restructures debt deal
May 17th, 2011 
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Posted in Car News 
Tags: bond, Bonds, carmaker, Chrysler, Deal, debt, institutional loans, junk, junk bond, restructures, US 
No Comments »German autos lead Europe shares higher
March 30th, 2011 admin EUROPEAN shares ended higher, led by gains in Germany, though peripheral markets had a mixed session due to worries over sovereign debt.
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Posted in Car News Tags: Autos, debt, Europe, European, european shares, German, Germany, higher, lead, peripheral markets, session, shares, sovereign debt, worries No Comments »We’re using tax refunds to pay down debt
February 22nd, 2011 admin By Mark Albright, Times Staff Writer Tuesday, February 22, 2011
What are Americans planning to do with their federal income tax refund? Buying a big-ticket item is once again not on many people’s shopping list: 13 percent, up slightly from 12.5 percent last year, according to Big Research in surveys done for the National Retail Federation. This year even more taxpayers — 42 percent vs. 40 percent — will use their refund to pay down debt, while 30 percent need it to meet everyday expenses. Almost two-thirds of taxpayers will have filed their returns by March 1. Thanks to recently reduced Social Security payroll taxes that gave most workers a raise in take home pay and several signs of an improving economy, the retail federation forecasts a decent 4 percent increase in consumer spending on general merchandise (excluding autos, gas and food) in 2011.
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Flaherty eyes prudent bank lending to curb rise in Canadian household debt
December 24th, 2010 admin To curb the alarming rise in Canadian household debt, federal Finance Minister Jim Flaherty urged Canadian banks Thursday to adopt prudent lending policies. He issued the proposal after Statistics Canada found that household debt reached a record-high level in the third quarter of 2010.
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Fed buys $7.79 bln in U.S. debt; bonds stay down
December 13th, 2010 admin NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $7.79 billion in Treasury debt on Monday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered to sell the Fed $18.268 billion in debt maturing from 2016 to 2017. After the announcement, the broader bond market stayed down. Yields on 10-year notes , which move inversely to prices, rose 3 basis points to 3.35%.
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Posted in Car News Tags: $7.79, bank of new york, Bonds, buys, debt, down, federal reserve bank, federal reserve bank of new york, market pulse, short news, stay, treasurys, U.S. No Comments »AIG files plan to pay off debt to New York Fed, prepare for Treasury stock swap
December 8th, 2010 admin Insurance giant American International Group on Wednesday formalized plans to pay off its debt to the Federal Reserve Bank of New York and set the stage for the Treasury Department to sell a significant portion of its stake in the firm early next year.
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Fed buys $1.63 bln in inflation-linked debt
December 8th, 2010 admin NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $1.63 billion in Treasury debt on Wednesday, the latest operation of the Fed’s second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered to sell the Fed $6.149 billion in inflation-linked securities debt maturing from 2012 to 2040. After the announcement, the broader bond market stayed down, pushing yields in the opposite direction. Yields on 10-year notes , which move inversely to prices, rose 13 basis points recently to 3.27%, touching the highest level since June.
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Posted in Car News Tags: $1.63, buys, debt, Fed, federal reserve bank, federal reserve bank of new york, inflationlinked, market pulse, MarketWatch, New York, rose 13, short news, treasurys No Comments »Solving Federal Debt Crisis Hinges On Compromises
November 29th, 2010 admin A new plan from the heads of a White House commission, calling for significant spending cuts and new tax revenues, faces protests from both the left and the right. But its authors say lawmakers can either deal with the rising debt or have a fix thrust upon them by those lending money to the U.S.
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Posted in Car News Tags: Compromises, crisis, debt, Federal, Hinges, House, lawmakers, lending money, plan, Protests, Solving, tax revenues, thrust upon, U.S., White, white house commission No Comments »Fed buys $2.169 bln in debt; Treasurys lose gains
November 19th, 2010 admin NEW YORK (MarketWatch) — The Federal Reserve Bank of New York bought $2.169 billion in Treasury bonds on Friday, the latest in almost-daily operations as the Fed engages in a second round of quantitative easing to support lending and spending. The amount includes purchases to be made under a previous program to reinvest cash from its maturing mortgage-related holdings back into Treasurys. Dealers offered to sell the Fed $11.067 billion in debt maturing from 2028 to 2040. After the announcement, the broader bond market gave up slim gains. Yields on 10-year notes , which move inversely to prices, sat little changed at 2.90%, after falling to 2.86% earlier.
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Posted in Car News Tags: $2.169, buys, debt, Fed, federal reserve bank, federal reserve bank of new york, gains, lose, Market, market pulse, MarketWatch, New York, short news, treasury bonds, treasurys No Comments »Greenspan warns of bond crisis
November 14th, 2010 admin Former Federal Reserve chairperson Alan Greenspan says the US must move to rein in its massive budget deficits. |||
Washington – The United States must move to rein in its massive budget deficits or it faces the risk of a bond market crisis, former Federal Reserve chairperson Alan Greenspan said on Sunday.
“We’ve got to resolve this issue before it gets forced upon us,” Greenspan said of the ballooning US debt levels.
He spoke as a panel, chaired by former White House chief of staff Erskine Bowles and former US Senator Alan Simpson, is due to deliver a report on debt and deficits by December 1.
A draft report made public last week offered a series of politically tough tax and spending choices that would seek to reduce the debt by $4-trillion by 2020.
The suggestions received a lukewarm reception from some politicians and outright condemnation by others, including House of Representatives Speaker Nancy Pelosi, who pronounced the ideas “simply unacceptable”.
Greenspan, who spoke on NBC’s Meet the Press, said he believed “something equivalent” to what Bowles and Simpson recommended would eventually be approved by the US Congress.
“The only question is, is it before or after a bond market crisis? Because there’s no alternative,” he said.
He said the US deficit, which hit $1.3-trillion this year, may begin to frighten the bond market, which could undermine the recovery and push the economy back into recession.
“The big, serious problem is whether or not the outlook for the longer-term deficit spooks the bond market to a point where long-term interest and mortgage rates move up very sharply,” said Greenspan. “If that happens, that will cause the double dip.”
Greenspan caused a stir last week when he said in a Financial Times column that Washington was pursuing a policy of weakening the dollar, prompting US Treasury Secretary Timothy Geithner to insist that the United States would never deliberately weaken its currency. – Reuters
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