Foreign investors cut appetite for Treasurys as U.S. set to flog record level of debt As traders and analysts debate over who will harbor enough appetite to snap up $250 billion of debt sales this week, one group of investors has steadily retreated into the shadows — foreign bond-buyers.
With the Federal Reserve halting its asset purchases several months ago, it’s unclear who will take up its place to soak up the deluge of issuance without demanding dramatically higher yields. An increase to spending caps and Republican tax cuts have escalated the Treasury Department’s borrowing needs, with some estimating more than $1 trillion of net issuance this year.
See: Facing prospect of higher deficit, U.S. Treasury to boost short-term borrowing
Read: Bond market braces for $ 1 trillion tsunami of Treasurys this year
Against that backdrop of increased supply, the diminished presence of a key bulwark to the bond market is troubling.
“We expect that any increase in [foreign central bank] dem..Read More →

How you can benefit from rising interest rates and gas mileage myths that are wasting your money Tuesday's top personal finance stories Hope you all enjoyed the long weekend, MarketWatchers! Here are some of the day’s top stories to help you get back in the swing of things.
Personal Finance Want to get rich? Put your finances on cruise control A slew of digital money-tracking services are competing to manage your money.

My ex-husband took $15,000 from our daughter’s 529 plan and bought a $10,000 car with her inheritance This New Jersey woman wonders if she has any recourse against his actions.

Is it safe to travel to Cuba after mysterious ‘sonic weapon’ attacks? The U.S. State Department recently released a travel advisory after diplomats reported hearing and memory loss.

How you can benefit from rising interest rates Here are 15 ways higher interest rates can actually help you on your journey to financial success.

These 12 Olympic athletes scrimped and saved their wa..Read More →

Justice Department creates cybersecurity task force to fight election interference WASHINGTON — The Justice Department on Tuesday unveiled a new cybersecurity task force aimed in part at combating threats to the integrity of U.S. elections, as bipartisan pressure mounts in Washington for stronger countermeasures to deter future Russian and other foreign-backed campaigns targeting the vote.
Attorney General Jeff Sessions announced the creation of a Cyber-Digital Task Force that will probe ways to fight foreign interference in U.S. elections as well as deter attacks on American infrastructure, curb online terrorist recruiting and defend against cyberattacks targeting businesses and individuals.
The announcement came days after special counsel Robert Mueller indicted three Russian companies and 13 Russian citizens, alleging they were part of a sweeping, multimillion-dollar conspiracy to interfere in the U.S. election through the use of a social-media campaign replete with fake personas ..Read More →

Dow, S&P 500 snap 6-day win streak; Walmart shares weigh MARKETWATCH FRONT PAGE U.S. stocks snap a six-day winning streak Tuesday with the Dow closing below the 25,000 mark as investors watched climbing bond yields, which could make equities less attractive at current levels. See full story.
Hedge-fund honcho Singer says bitcoin is ‘one of the most brilliant scams in history’ Outspoken hedge-fund manager Paul Singer offers perhaps his most withering assessment of cryptocurrencies to date, denouncing the technology and describing it as worse than a fraud. See full story.
Investors are counting down to the most important date on Europe’s political calendar Two major European political events are falling on Sunday, March 4, with investors bracing for what a worst case outcome could mean for European assets. See full story.
How you can benefit from rising interest rates Here are 15 ways higher interest rates can actually help you on your journey to financial success. See full story.
Wa..Read More →

KFC says ‘the colonel is working on’ supply issues in the U.K. ‘The chicken crossed the road, just not to our restaurants … ’ That’s KFC lightheartedly explaining to U.K. customers its constrained poultry supply there.
According to a Guardian report, the Yum Brands YUM, -0.22% unit expects to be impacted by the supply issue through the week. More than 400 locations were closed Tuesday, according to the report.
The trade union GMB reportedly told that Guardian that it warned KFC late last year that it would face distribution problems if it switched to DHL from food-shipping specialist Bidvest Logistics BDVSF, +8.26% . An officer of the union reportedly said he’d cited a similar decision made six years ago that led to supply problems in warning against a repeat.
“The colonel is working on it,” KFC tweeted:
The Colonel is working on it.
— KFC UK & Ireland (@KFC_UKI) February 17, 2018Read More →

Software update aims to lower costs and transaction speeds in bitcoin market In an attempt to tackle expensive bitcoin transaction fees and slow processing times, two leading cryptocurrency exchanges, Coinbase and Bitfinex, announced Tuesday they have rolled out a software update that they hope will address mounting concerns.
The update, called Segregated Witness (SegWit), is a soft-fork software update that alters the transaction process of the cryptocurrency bitcoin BTCUSD, +5.86% by increasing block-size limits, alleviating “block bloat.”
“New exchanges like Bitfinex and Coinbase integrating SegWit is great news for bitcoin,” Alex Sunnarborg, founding partner of Tetras Capital said.
“The most noticeable changes in the short term should be more efficiency when transacting — a user can expect to see decreased transaction fees and improved speed (as a result of being able to fit more SegWit transactions in bitcoin blocks due to the separation of ‘witness’ data),” he said.
Speed a..Read More →