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Treasurys edge up after manufacturing contraction (Washington Post)
NEW YORK -- Treasury prices rose modestly in quiet trading Monday after a bleaker-than-expected reading on the manufacturing sector, but investors avoided making large bets ahead of Tuesday's presidential election. Meanwhile, key interbank lending rates extended their declines, a sign of further easing in the credit markets.
One in 8 borrowers in Minnesota owe more than home is worth; other states in worse shape (BizJournals)
Nearly 12 percent of mortgages in Minnesota are under water, meaning that the owners owe more than the property is worth, a new study released on Friday found.
Oil Notches Record Monthly Drop On US Downturn - Fox Birmingham
NEW YORK -- Oil prices ended the week with a modest rally Friday but couldn't erase one ugly October: Crude capped its biggest monthly drop since futures trading began 25 years ago, weighed down as a deflated U.S. economy crushes demand for fuel. Oil ...
Meltdown 101: Why the world's interest rates vary - Buffalo News
European central banks cut their interest rates dramatically Thursday, but most of them are still higher than the Federal Reserve's 1 percent target rate. Which raises a question: If the financial meltdown is global in nature, why do interest rates ...