Both government and corporate bond yields have been climbing. For many companies, though, higher revenue more than covers the cost.
Investing in long-term government bonds and mortgage-backed securities hurt the bank as interest rates rose and bond prices plummeted.
"The long-term implications are severe," one expert says, and can scare away foreign investors.
The government needs to plow out of a lot of debt from previous COVID-19 rescue packages and the potential $1.9 trillion in additional aid.
President Obama is hosting some top European Union officials at the White House this morning, as concerns grow about what the debt crisis in Europe could do to the American economy.
In a bid to revive the U.S. economy, the Federal Reserve announced plans to buy $600 billion worth of long term government bonds. Looking ahead,...