The outsized U.S. national debt has ballooned to $36.2 trillion, and a staggering $9.2 trillion of it is set to mature in 2025. This accounts for 25.4% of the country’s total debt, raising concerns ...
Higher mortgage rates may be making it harder for homebuyers, but they may have actually helped restore balance to the housing market, which has been out of whack for many years.
The property business gearing was 26% at the end of July 2024, well below the 60% covenant. The trust’s interest cover ratio was 1.9 times at the end of January 2024, versus a covenant of 1.5 times.
The Treasury curve flattened on Monday, with short-term yields rising relative to rates on longer-term government maturities, as traders factored in higher-for-longer interest rates and slowing ...