The global scramble for cash is putting immense pressure on bond markets, raising concern about whether they are functioning well enough to effectively distribute funds to communities and businesses.
In recent days, long-term Treasury securities have suffered significant price declines alongside large stock-market retreats, an unusual dual downturn that has raised alarm among traders. A stampede into dollars is pushing up the U.S. currency’s value overseas, adding to repayment woes for companies and governments that borrowed...
People may have trouble cashing the stimulus checks they will receive from the federal government to help them tide over the Coronavirus crisis. Many households, especially the ones most in need and facing foreclosure, have no bank account. They may fall victims to gouging touts.
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