Syncrhony Financial, the largest U.S. issuer of private-label credit cards, is warning that its chargeoff rate is likely to rise over the next year as some borrowers struggle to keep up with late payments,
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Bond-market doubts grow over gridlock as cure for deficit angst
A split Congress has often been a bullish recipe for Treasuries. Benchmark 10-year yields have been lower on average one and 12 months after midterms that produced such a result.
Wall Street sees an ominous sign in bond market’s latest selloff
During the past few weeks the term premium spiked to levels not seen in over a decade and drove the latest leg of the bond selloff that's sent US Treasury yields to a 24-year high.
Pimco faces AAA debt loss after 85% writedown of office complex
Appraised for $471 million in 2019, a judge last month approved the sale of the complex for $70 million clearing the way for the deal to close in the coming weeks.
U.S. bond-market slide deepens, pushing yields to two-decade highs
Rising oil prices sparked the declines earlier in the session, fanning worries around elevated inflation and punishing European government debt as well.
Bank economists see continued growth, persistent inflation
The U.S. economy is expected to keep growing despite nagging inflation, according to the latest consensus report from the American Bankers Association's Economic Advisory Committee.
