globaleconomicanalysis.blogspot.com - 12/2/2008
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Treasuries staged yet another massive rally today as Helicopter Ben imitates Paulson and pulls out his own bazooka. Inquiring minds are noting that Treasury Yields Drop to Record Lows as Bernanke Cites Buybacks . Treasuries rose, pushing yields to record lows, as Federal Reserve Chairman Ben S. ...
federalreserve.gov - 12/1/2008
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federalreserve.gov —
Chairman Ben S. Bernanke At the Greater Austin
Chamber of Commerce, Austin, Texas December 1, 2008 Federal
Reserve Policies in the Financial Crisis It is a privilege for me to be here in Texas, and I would like to thank the Austin Chamber for hosting ...
(more)
FRB: Speech--Bernanke, Federal Reserve Policies in the ...
jessescrossroadscafe.blogspot.com - 12/10/2008
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jessescrossroadscafe.blogspot.com —
We have been looking for an out-of-the-box move
from the Fed, but this was not it. The
big kahuna move would have been for the Treasury and the Fed to make an arrangement in which the Fed is able to purchase Treasury debt directly without subjecting ...
(more)
Is the Fed Taking the First Steps to Selective Default ...
bloomberg.com - 12/1/2008
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bloomberg.com —
Dec. 1 (Bloomberg) -- Federal Reserve Chairman Ben
S. Bernanke said he has “obviously limited” room to
lower interest rates further and may use less conventional policies, such as buying Treasury securities, to revive the economy. The U.S. economy ...
(more)
Bernanke Says Fed May Buy Treasuries to Aid Economy ...
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Fed has Option to Buy Treasuries on Open Market
EconomPic —
... quantities,” Bernanke said. “This approach might influence the yields on these securities, thus helping to spur aggregate demand.” Treasury prices rose on Bernanke’s remarks, with yields on 10-year Treasuries tumbling 25 basis points to a record low of 2.67 percent at 2:31 p.m. in New York, according to BGCantor Market Data. The yield was the lowest since daily Fed records started in 1962 and the least since 1955 as measured on a monthly basis. Mish summarizes it best: The bazooka is loaded and the helicopter drop has begun. ...
100-Year Treasuries Really Bad Idea
Minyanville —
... and Helicopter Ben Pulls Out Bazooka for more on Bernanke's efforts to force down long-term rates after having run out of room to lower the short end of the curve. New Jersey Insolvent Over Pension Plans Consider: The ...
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