A plan by the European Union to overhaul bank supervision and help troubled lenders directly ran into a wall of opposition on Saturday as finance ministers from major nations like Germany, Poland and Sweden raised objections. The finance ministers were at loggerheads a day after top officials from the… – Source
MADRID Tens of thousands of people marched in Spain and Portugal on Saturday to protest sharp cuts in public spending, the latest display of resistance to crisis measures that European leaders are demanding of heavily indebted euro-zone countries to shore up the common currency. – Source
Relative yields on mortgage securities slid to the lowest on record after the
Fed said Sept. 13 it would expand its holdings with open-ended
monthly purchases of $40 billion of the debt. The U. S. will sell
10-year Treasury Inflation Protected Securities next week. “Treasuries are worried about inflation on the heels of
open-ended stimulus,†said… – Source