Treasury department

Treasury 10-year yield tops 3% for first time since January 2014

MARKETS -

MARKETS -

The 10-year U.S. Treasury yield rose above 3% for the first time since January 2014
3 more multiemployer plans apply for benefit cuts

Pension Funds -

Pension Funds -

Three more multiemployer pension funds have applied for permission to reduce benefits to remain solvent.
Clayton praises Treasury, industry participants' input for access pilot

TRADING -

TRADING -

The SEC's Jay Clayton praised assistance from industry participants in developing the access fee and other pilot proposals.
Pressroom workers' pension fund applies for MPRA benefit reductions

Pension Funds -

Pension Funds -

Pressroom Unions' Pension Trust Fund applied for permission to reduce benefits to remain solvent.
Congress passes spending bill with $21 billion for infrastructure, increased leverage for BDCs

Washington -

Washington -

The House of Representatives passed a $1.3 trillion spending package Thursday with $21.2 billion in new infrastructure dollars.
SEC forging ahead on fiduciary rule despite DOL rule decision in 5th Circuit

Regulations -

Regulations -

Jay Clayton said the SEC is moving forward on a fiduciary rule and its work would not be affected by a court decision striking down the DOL rule.
Megacaps pay up in 2017 as greener pastures lie ahead
Among the 10 largest U.S. companies, seven saw their 2017 income tax expense increase by at least 78%.
Mnuchin's move to end hedge fund loophole seen facing challenge

HEDGE FUNDS -

HEDGE FUNDS -

Treasury Secretary Steven Mnuchin's plan to fix a gaping loophole for hedge funds in President Donald Trump's new tax law could face legal challenges.
Tax law to benefit money managers in several ways – Moody's

MONEY MANAGEMENT -

MONEY MANAGEMENT -

The new U.S. tax law will benefit money managers by not only cutting their effective tax rates but also by increasing demand for services.
Mnuchin says IRS to ban hedge fund tax dodge on carried interest

Regulation -

Regulation -

Treasury Secretary Steven Mnuchin said the IRS plans on closing a loophole that hedge fund managers had been trying to exploit to avoid paying higher taxes on carried-interest profits.
Jump in U.S. yields may not lure foreign cash, and here's why

Markets -

Markets -

Treasuries are offering the highest yields in four years — and a multiple of those in Japanese and European bond markets.
Treasury market absorbs the most punishing January since 2009

Markets -

Markets -

The U.S. Treasury market is delivering investors a loss of historic proportions to start 2018.
Sponsors cite new tax law in improving 401(k) plans

DEFINED CONTRIBUTION -

DEFINED CONTRIBUTION -

The new tax law played a role in several companies' decisions to enhance their 401(k) plans.
MetLife, FSOC end legal case over SIFI designation

REGULATION -

REGULATION -

MetLife and the Financial Stability Oversight Council agreed to end the legal fight over the company's designation as a non-bank systemically important financial institution.
U.S. Treasury 10-year yield rises to highest level since 2014

MARKETS -

MARKETS -

The benchmark Treasury yield rose Friday, extending a sell-off in the world's largest-debt market that began last September.