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  • Trump picks Pam Patenaude to serve as HUD deputy secretary

    HousingWire Woman of Influence Pam Patenaude was originally shortlisted to serve as the Secretary of the Department of Housing and Urban Development. That position ended up going to Ben Carson, as HousingWire first reported. Now in another HousingWire first, President Donald Trump plans to install Patenaude in the true position of power at HUD – deputy secretary. Click the headline to read more.

Investments The Ticker

Treasury yields hit one-month low

Benchmark 10-year notes rallied the most since November yesterday as investors sought the safety after inconclusive elections in Italy triggered concern Europe’s debt crisis would intensify.

Congress and President Barack Obama face a March 1 deadline to agree to avert across-the-board spending cuts. Treasury sold $35 billion of five-year securities as part of its $99 billion in note sales this week.

Source: Bloomberg
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