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bloomberg.com - 3/25/2009
Fed to Start Purchasing Treasuries to Unfreeze Credit (Update1)
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March 25 (Bloomberg) -- The Federal Reserve starts purchasing long-term Treasuries today, aiming to bring down borrowing costs by employing tools last used in the 1960s. The first operation in the $300 billion effort is targeted on notes maturing from February 2016 to February 2019, the New ...
federalreserve.gov - 3/24/2009
FRB: Press Release--Joint statement by Treasury and Federal Reserve on the Federal Reserve's ...
— federalreserve.gov — The Role of the Federal Reserve in Preserving Financial and Monetary Stability Joint Statement by the Department... of the Treasury and the Federal Reserve Introduction Sound economic performance requires both financial stability and monetary stability. ... (more) FRB: Press Release--Joint statement by Treasury and ...

Comments vote down Across the Curve found this 3/24/2009found this
‘Rambo Fed’ Will Buy Treasuries to Combat Crisis (Update1)
bloomberg.com - 3/19/2009
‘Rambo Fed’ Will Buy Treasuries to Combat Crisis (Update1)
— bloomberg.com — March 19 (Bloomberg) -- By committing to buy Treasuries and double his purchases of mortgage debt, Federal... Reserve Chairman Ben S. Bernanke signaled his determination to avoid a repeat of the Great Depression and his willingness to pump as much cash ... (more) ‘Rambo Fed’ Will Buy Treasuries to Combat Crisis (Update1)

Comments vote down The Mess That Greenspan Made found this 3/19/2009found this
economistsview.typepad.com - 3/24/2009
Fed Watch: Fed-Treasury Accord
— economistsview.typepad.com — Tim Duy on the Fed's efforts to maintain its independence: Fed Treasury Accord, by Tim Duy :... The Fed and Treasury released a joint statement yesterday afternoon that was lost amid the official release of the Geithner Plan (hat tip Across the Curve ... (more) Fed Watch: Fed-Treasury Accord

Comments vote down Abnormal Returns found this 3/24/2009found this

Blog Reactions

[ The Financial Ninja ]:  Debt Monetization, Money Printing, Dollar Weakness AND Gold Weakness!

BloggingStocks:  The Federal Reserve starts buying U.S. treasuries

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Blog Reactions

Debt Monetization, Money Printing, Dollar Weakness AND Gold Weakness!
[ The Financial Ninja ] — Despite a move by the Fed to monetize debt (print money) Gold (GLD) has "only" managed to move up to about $95... even as the USD came under significant pressure. Interesting. Gold, Silver Fall as Bank-Asset Plan May Curb Demand for Metals: “Gold fell the most in almost a week on speculation that a U.S. government ...

Debt Auctions: Failures Rising
[ The Financial Ninja ] — The first UK debt auction has failed under the avalanche of supply. Expect more frequent and more severe auction failures. Back in January a German Bund auction failed. Then in February it failed a second time. January’s TIC data was an unmitigated disaster. Ben Bernanke has seen the writing on the wall, and panicked last week into monetizing debt in a desperate bid to stall the inevitable. He knows that when a US Treasury auction finally does fail, the maw of the Abyss will open up and swallow up the entire global financial system. U.K. Gilts Slump After First ‘Failed’ Bond Auction Since 1995: “U.K. gilts slumped ...

The Federal Reserve starts buying U.S. treasuries
BloggingStocks — Filed under: Market matters, Federal Reserve, Financial Crisis The Federal Reserve is starting to purchase long term U.S. treasuries to bring down borrowing costs. This is a rare move, the first since the 1960s when the Fed wanted to make adjustments in the yield curve. The Federal Reserve is not alone in this policy. The governments of Japan and the U.K. are also purchasing government debt in an effort to get credit flowing again after cutting interest rates to near zero. Continue reading The Federal Reserve starts buying U.S. treasuries The Federal Reserve starts buying U.S. ...

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