Fixed or floating rates? Maybe both

Imagine buying a newly issued bond from the U.S. Treasury (“UST”) today. If you did, you’d earn 1.27% per year for the next 10-years. Hard to imagine. After you factor in inflation, you would probably be losing money! In fact, at the beginning of this year, the rate on a 10-Year UST stood at less […]
Paycheck Protection Plan Program FAQs
The U.S. Treasury Department is continuing to update its frequently asked questions about the PPP program. You can find those here: https://home.treasury.gov/system/files/136/Paycheck-Protection-Program-Frequently-Asked-Questions.pdf
Families First Coronavirus Response Act provides paid sick and family leave, employer tax credits

President Trump signed today the Families First Coronavirus Response Act (H.R. 6201) to provide affected individuals with paid sick and family leave and create tax credits for affected employers, expand food and nutrition services, allow for emergency state unemployment insurance grants, and increase Medicaid funding to states, among other things. The leave provisions go into […]