Posted: 7/11/2011 9:47:07 AM EDT
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so, because of what our idiot president said, lets have a Dept of Treasury/Fed tracking thread to keep tabs on them. so, what is the Treasury doing today? http://www.theaustralian.com.au/news/world/us-recovery-a-long-way-off-says-timothy-geithner/story-e6frg6so-1226092625697 US Treasury Secretary Tim Geithner has issued a pessimistic outlook for his nation's economy, warning it will "take a long time still" to recover from recession. The downbeat comments by Mr Geithner yesterday came as Barack Obama and US congress leaders remained far apart in their attempt to resolve a crisis over Washington's $US14.3 trillion ($13.3 trillion) debt limit. July 11 (Bloomberg) –– Treasuries advanced for a second day on speculation slowing jobs growth will sap energy from the economy in the second half of 2011. Investors became less bearish on their outlook for U.S. government bonds through year-end, according to a survey of money managers by Ried Thunberg ICAP Inc., the New Jersey-based unit of the world's largest interdealer broker. The company's sentiment index climbed to 43 for the seven days ended July 8 from 41 the week before. what about the Fed? July 11 (Bloomberg) –– The Federal Reserve may keep interest rates at record lows for the longest period since World War II as the economic slowdown that sparked a four-month bond rally worsens, according to Treasury market signals. The 3-percentage-point gap between yields for three-month and 10-year Treasuries indicates the economy may grow 1.1 percent in the 12 months ending June 2012, a study by the Fed Bank of Cleveland says. That’s less than half the central bank’s current forecast, and may delay any rate increase from the zero- to-25 basis point range held since December 2008. add info as you get it folks this could mean more bailouts from us: http://www.bloomberg.com/news/2011-07-11/italy-is-2-percentage-points-from-a-bailout-as-yields-rise-evolution-says.html Italian bond yields are less than 2 percentage points away from disaster as its 10-year notes tumble, according to Gary Jenkins, head of fixed-income at Evolution Securities Ltd. Yields on Italy’s benchmark 10-year bonds closed above 5 percent for the first time since November 2008 on July 6 and were at 5.55 percent, a nine-year high, at 1:45 p.m. in London today. Greece, Ireland and Portugal all had to ask for international assistance after their 10-year yields rose past 7 percent. |
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Quoted: Karl Denninger has a huge archive of this crap. Has it actually accomplished anything? No. http://market-ticker.org/ |