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Some financial observers argued that the plummet in bond prices was triggered by the Federal Reserve's decision to raise rates by 25 basis points in February, in a move to counter inflation. [4] At about $1.5 trillion in lost market value across the globe, the crash has been described as the worst financial event for bond investors since 1927 ...
The Coinage Act of 1873 also contributed by immediately depressing the price of silver, which hurt North American mining interests. [22] The deflation and wage cuts of the era led to labor turmoil, such as the Great Railroad Strike of 1877. In 1879, the United States returned to the gold standard with the Specie Payment Resumption Act.
Bond trading prices and volumes are reported on Financial Industry Regulatory Authority's (FINRA) Trade Reporting And Compliance Engine, or TRACE. An important part of the bond market is the government bond market, because of its size and liquidity. Government bonds are often used to compare other bonds to measure credit risk.
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Bond funds recorded outflows of $6.9 billion during the week to Wednesday, while $7.8 billion was removed from equity funds and investors plowed $30.3 billion into cash, BofA said in a research ...
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Nelles notes that in 1842, in the middle of a depression, labor unrest in the textile mills that drove much of Boston's economy was very unlikely. [61] However, Whigs like Shaw may have been concerned that agitating the working class would help bring the Democratic party to power in the election of 1844 . [ 62 ]
As this happened, the price of l'Union Générale began to deteriorate. The bank failed to repay it debts and to honor its clients’ accounts. It falsified public reports, to avoid the complete crash of its value and credit-worthiness. Between January 5, 1882 and January 14, 1882 the cash price of a share dropped from 3,040 to 800 francs.