Private-credit ETFs are here. Why your retirement account may be their next
target.
-
Private-credit ETFs aren’t in 401(k)s yet — but they are Wall Street’s
latest effort to bring private assets to the masses and, eventually, into
retirement...
14 minutes ago
-l.jpg)
-l.jpg)
-l.jpg)
A set of austerity measures cleared the Italian Senate by a vote of 156-12. The lower chamber of Parliament will vote Saturday, and Prime Minister Silvio Berlusconi has said he will step down once the reforms are passed.
ReplyDeleteIn a sign of confidence from investors, Italy's borrowing costs fell sharply. The yield on benchmark Italian 10-year bonds fell to 6.48 percent, safely below the crisis level of 7 percent reached earlier this week.
Greece, Ireland and Portugal all required international bailouts after their own borrowing rates passed 7 percent. The Italian economy would not be so easy to save. It totals $2 trillion, twice as much as the other three countries combined.