alephblog.com - 10/28/2009
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1) Perhaps the US Treasury is getting a few things right. Let’s start with lengthening the average maturity of Treasury debt. I have backed this idea in the past . It is worthy to note that zero coupon yields peak out around 20 years out, and then start declining. It is quite possible ...
My Visit to the US Treasury, Part 5
alephblog.com 28 days ago —
One other blogger took his nameplate with him — I’m not sure who; the rest left theirs. But this is what was in front of each one of us as we sat down to discuss matters at the US Treasury. Treasury officials had similar nameplates. It dictated where we would sit as well. ...
Willem Buiter Takes Fed and Treasury to Task
nakedcapitalism.com 3/27/2009 — Not that they listen to him, sadly. Buiter famously told the Fed in a presentation at its Jackson Hole conference that it was guilty of cognitive regulatory capture. Buiter argues that the games the Fed and Treasury are playing, with the Fed ...
Is the US Treasury the Next Bear Stearns?
informationarbitrage.com 3/9/2009 — Gap management . A very easy and straight-forward concept that has been butchered by countless firms, laid bare by the financial crisis. Funding long-dated assets with short-dated liabilities? A profitable strategy when everything is rosy, but ...
My Visit to the US Treasury, Part 6
alephblog.com 27 days ago — Now, none of us knew when we came that only bloggers were invited. Personally, I expected it to be a broader press briefing that some bloggers could come to as well. “Deep background” is well understood to the press, but new to bloggers. My blogging friends at the meeting can ...
My Visit to the US Treasury, Part 3
alephblog.com 30 days ago — Going back to bank stress-testing for a moment, one interesting thing that a Treasury official said at the meeting was that unemployment did not have a big effect on foreclosures. Unemployment has a big effect on credit card defaults, but not foreclosures. I disagree.
As a multi-purpose ...
Treasury and the Blogs
baselinescenario.com 29 days ago — On Monday the Treasury Department (various officials, including Geithner, in shifts) had an informal meeting with eight prominent finance or economics bloggers. I’ve only read the accounts by Tyler Cowen , Steve Waldman , and Yves Smith ; Waldman names all of them and links to other ...
China keeps buying US bonds despite concerns
news.smh.com.au 5/18/2009 — China is pumping more money into US Treasury bonds, recent data show, despite concerns expressed in Beijing in recent months over the safety of dollar-linked assets. Mainland China's holding of Treasury securities jumped to 767.9 billion US dollars in ...
US Treasury plans record debt sale
ftalphaville.ft.com 2/9/2009 — The US Treasury on Wednesday opened the floodgates of government bond issuance, revealing plans for a record debt sale in February and more frequent auctions in coming months. The announcement came amid growing fears about US government deficits and ...
Treasury is right to go long
blogs.reuters.com 10/28/2009 — Timothy Geithner wants to lock in low rates for the government while he can, extending the maturity of Treasury debt to 72 months from 49, a 26-year low.
It’s a smart move — if he can pull it off.
To do so, he’ll have to ...
My Visit to the US Treasury, Part 1
alephblog.com 11/3/2009 — This will have to be brief, because I am tired. I have had to deal with family and work issues today, and only now have time to blog.
You might have seen my fanciful post, Fallowhaven, Part 1 . I wrote that because I thought I could reveal almost nothing of my visit to the US Treasury ...
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