Fannie and Freddie Mac Mortage Lending Window Set Free

Federal regulators have eased the lenders’ capital surplus requirements, to inject some much-needed money into the mortgage market
Another stone fell into place in the federal government’s plan to build a path to credit market recovery. On Mar. 19, the Office of Federal Housing Enterprise Oversight, or OFHEO, said it was reducing the amount of capital [...]

Treasuries Rise; Sale of Bear Stearns Spurs Demand

Treasuries rose, driving yields on two-year notes down to 1.30 percent, as investors sought the relative safety of government debt after JPMorgan Chase & Co. agreed to bail out Bear Stearns Cos.
Traders began betting the Federal Reserve will cut its target for overnight loans by 1 percentage point tomorrow to keep losses [...]

Gold Advances to Record in Asia as U.S. Dollar Falls

Gold climbed to a record on increased demand for the metal as a haven after a Federal Reserve emergency rate cut sent the dollar falling.
The Fed lowered the discount rate to 3.25 percent from 3.5 percent, and extended the maximum term of discount-window loans to 90 days from 30 days. JPMorgan [...]

Dollar Falls, Gold Rises in Europe

The U.S. dollar was down against other major currencies in European trading Friday. Gold rose.
The euro traded at $1.5612, up from $1.5587 late Thursday in New York. Earlier Friday, the euro notched a record high of $1.5651.
Later, in midday trading in New York, the euro fetched $1.5619.
Other dollar rates in Europe, compared with [...]

Gold Tops $1,000 on Bear Stearns Crisis

Gold prices bolted above $1,000 again on Friday, hitting a new record after a liquidity crisis at Bear Stearns Cos. rattled Wall Street and fed buying of safe-haven investments.
Other commodities traded mostly lower, with crude oil, copper and agriculture futures falling.
Following weeks of flirting with the $1,000 mark, gold finally breached the [...]

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