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economist.com - 5/29/2009
Buttonwood - Not so risk-free
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LIKE London buses, big events in America’s Treasury market all seem to come at once. In a week when the Treasury auctioned more than $100 billion of notes and bonds, ten-year Treasury yields surged to their highest level in six months, despite a buy-back offer by the Federal Reserve. That will ...
High Quality Credit Risk vs. Duration Risk
econompicdata.blogspot.com - 5/22/2009
High Quality Credit Risk vs. Duration Risk
— econompicdata.blogspot.com — As the yield on the 30 Year Treasury has spiked in recent months from a low of... 2.5% all the way up to 4.3%, the yield to worst on the Barclays Aggregate Bond Index (i.e. formerly the Lehman Brothers Aggregate Bond Index - a blend of intermediate ... (more) High Quality Credit Risk vs. Duration Risk

Comments vote down Abnormal Returns found this 5/22/2009found this
Upside Risk
slopeofhope.com - 5/26/2009
Upside Risk
— slopeofhope.com — The fact that the /ES didn't break 875 is bad news for the bears. Period. The above... is a pretty damned bullish chart, as much as I hate to say it. The "upside risk" seems pretty substantial to me, as I look through my general ... (more) Upside Risk

Comments vote down THE SHARK REPORT found this 5/26/2009found this

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Alea:  Friday Links

The Mess That Greenspan Made:  Friday morning links

Abnormal Returns:  Friday links: the price of risk

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Friday Links
Alea — Rule #1: Always Blame Derivatives Fifteen Thoughts on Advantage in the Markets How Harvard University Almost Destroyed Itself Pimco’s Gross Says Harvard, Yale May Need to Alter Investments Not so risk-free DTCC wants to join Fed system PPIP Unpopular, Stiglitz Wrong Analyst Says The Treasury Collapse Is Bullish Sign Extreme ...

Friday morning links
The Mess That Greenspan Made — ... hit record high in Q1 - AP • The Big Inflation Scare - Krugman, NY Times MARKETS/INVESTING • Not Mixing With Rest of Economy, Oil Floats Higher - Wash. Post • Gold jumps above $970/oz as dollar weakens - Nine MSN • Gross: Harvard, Yale May Need to Alter Investments - Bloomberg • India gold prices climb on global trends - Commodity Online • Stocks, Oil, Metals Rise as World Recession Eases - Bloomberg • Buttonwood: Not so risk-free - Economist ECONOMY • GDP revised to 5.7% ...

Friday links: the price of risk
Abnormal Returns — ... “America does not formally need to default to penalise its creditors; it can simply let its currency decline.”  (Economist) ...

Eight Notes on the Actions of the US Government on the Economy
The Aleph Blog — ... Management, an Austin, Texas, manager of $4 billion in assets, “The sharp rise in Treasury yields isn’t a result of an economic recovery. That occurs when income, production, employment and sales, simultaneously, turn higher. Presently, these indicators merely show a lessened rate of decline.” There are several possibilities here: The rise in long Treasury yields is just an overshoot of the mortgage market. Fears of eventual US underpayment in terms of current purchasing power. A ...

Related: who is the federal reserve treasury?
A new accord? — macroblog
As days go in the U.S. Treasury market, Wednesday was a rough one . Bloomberg News described the day's developments as follows: "The difference in yields between Treasury two- and 10-year notes widened to a record on concern surging sales of U.S. debt will overwhelm the Federal Reserve's ...
Guest Post: Keynesians, Please Exit Stage Left — naked capitalism
Submitted by Rolfe Winkler , publisher of OptionARMageddon Back in February, amidst the neo -Keynesian rage to spend our way out of recession, I argued that stimulus wouldn't stimulate . Pointing to the graph of the 10-year Treasury vs. 30-year mortgage rates I said that the ...
Keep yer britches on: Nobody's replacing the dollar standard (yet) — SCSUScholars
My dear friend Ed Morrissey opines yesterday that perhaps, just perhaps , the end of the " American Economic Era " is at hand. Warning signs abound. Earlier this month, the Treasury discovered that demand had significantly decreased for its long-term bonds. In order to get buyers at its regular ...
Secretary Geithner: Hayekian or Keynesian? — Mises Economics Blog
According to Treasury Secretary Timothy Geithner, Federal Reserve policy was "too loose for too long." Some of us see Geithner's remark as both a mea culpa on the part of the federal government and a confirmation of Austrian business-cycle theory. A more general examination of Geithner's ...
International Forecaster May 2009 (#7) - Gold, Silver, Economy + More — GoldSeek.com
US Treasuries and gold have waged a silent fight for dominance in investors’ flight to safety over the past 22 months. Gold has been suppressed over that period by manipulation by the President’s “Working Group on Financial Markets,” via the US Treasury and the privately owned Federal Reserve. ...
An Avalanche of Claptrap — GoldSeek.com
Like snow at high altitudes, the central banks’ new money is piling up. As reported last week, all the world’s major central banks have turned on their snow machines. The US Federal Reserve has been authorized to “print” $1.75 trillion worth of new money in order to buy Treasury bonds.
Eery Greenspan and Geithner photos — The Mess That Greenspan Made
Is anyone else just the least bit unsettled by these photos of long-time, now retired Federal Reserve Chairman Alan Greenspan and current Treasury Secretary Timothy Geithner both waving their hands while testifying before Congress. Of course, the hand-waving has long since stopped for the former ...