Page 5 - David Croy News Today

In a move that sent shockwaves through global markets, Fitch Ratings downgraded the United States’ sovereign credit grade from AAA to AA+. T...

(Bloomberg) -- The US was stripped of its top-tier sovereign credit grade by Fitch Ratings, which criticized the country’s ballooning fiscal deficits and an “erosion of governance” that’s led to repeated debt limit clashes over the past two decades.Most Read from BloombergUS Credit Rating Downgraded From AAA by Fitch US, Europe Growing Alarmed by China’s Rush Into Legacy ChipsTrump Indicted on Federal Charges in 2020 Election ProbePoland Sends Troops to Belarus...

Preparations for possible evacuations in parts of Canterbury are being made by Civil Defence due to heavy rain over the last 24 hours. Ashburton...

New Zealand dollar left licking its wounds.

Debt markets will need to absorb a big lift in NZ bond issuance next year and beyond.

The New Zealand dollar has remained weak after the Reserve Bank's surprise move.

Deputy governor Christian Hawkesby foresees a period of interest rate stability.

Reserve Bank raises interest rates as expected but throws in a major surprise by indicating this will be the last rise

Mortgage rates may rise after wholesale rates bumped up, post-Budget.

Big increase in bonds may be a lot for market to swallow.