*HSBC's early report on China's factory sector next in focus. SYDNEY, May 23- The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus programme this year.» Read More
*HSBC's early report on China's factory sector next in focus. SYDNEY, May 23- The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields jumped on the prospect that the Federal Reserve might scale back its stimulus programme this year.
NEW YORK, May 22- U.S. Treasury yields on the benchmark 10- year note rose above the key two percent level on Wednesday, the highest level in two months, as Federal Reserve Chairman Ben Bernanke added to bond investor fears that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
*Fed buys up to $1.75 bln in long-dated Treasuries. NEW YORK, May 22- Treasury debt prices fell on Wednesday with benchmark yields briefly rising above 2 percent as Federal Reserve Chairman Ben Bernanke kept alive market worries that the U.S. central bank might slow its bond purchases later this year if the economy improves further.
CNBC's Steve Liesman provides perspective on Fed Chairman Ben Benanke's testimony today at a Joint Economic Committee hearing on the economic outlook.
Rep. Sean Duffy asks the Fed's Bernanke if from a policy perspective if there a way to negotiate a bipartisan solution to rising health care costs.
Sen. Robert Casey, (D-PA), asks the Fed Chairman if he can see any way to reach a bipartisan solution to reforming the current tax law. The ideal solution is to "broaden the base" and "lower the tax rate," Bernanke said.
Sen. Pat Toomey, (R-PA), is concerned how the markets will react if the Fed decides to suddenly sell its holdings. "There is no risk-free strategy," Bernanke counters, but there are "contingency plans" in place he said.
Federal Reserve Chairman Ben Bernanke address the Joint Economic Committee on Capitol Hill about the economic outlook.
Federal Reserve Chairman Ben Bernanke explains to a Congressional economic committee that the Fed will wind down QE in a way that does no "disrupt" markets.
Steven Ricchiuto,Mizuho Securities; and David Kelly, JP Morgan Funds, provide their views on whether the Fed's chairman will begin to taper its bond-buying program.
CNBC's Steve Liesman reports the Fed will conduct its dovish policy on the economy.
*Investors to focus on Bernanke's remarks before Congress. NEW YORK, May 22- U.S. Treasuries prices were little changed on Wednesday as investors awaited possible hints from Federal Reserve Chairman Ben Bernanke on whether the U.S. central bank might slow its purchases of bonds this year.
Don't start your trading day without finding out what CNBC's Jim Cramer is watching ahead of the opening bell.
John Lynch, Wells Fargo Private Bank, and Mark Lehmann, JMP Securities, discuss what's likely driving the recent rally, and what they hope to hear from the Fed's Bernanke when he testifies later this morning on Capitol Hill.
Bruce Kasman, JPMorgan Chase; and Stephen Bodurtha, Citi Private Bank, provide an in-depth look at where affluent investors are finding returns amid economic uncertainty.
Terry Moore, Fixed Income Portfolio Specialist at T Rowe Price and Will Oswald of Standard Chartered discuss reasons to invest in US Treasuries.
Fed purchases $3.31 bln medium-term government debt. NEW YORK, May 21- U.S. Louis Fed President James Bullard took a more dovish tone than he has previously in a speech in Frankfurt, saying that the U.S. recovery has been disappointing and that he can not see a good case for tapering unless inflation increases.
NEW YORK, May 21- U.S. Benchmark yields edged up, flirting with 2 percent, which was their highest level since mid-March, after Wall Street stocks touched new highs and nicked the appeal of low-yielding U.S. government debt. There is no reason to bid it before Bernanke, "said Eric Green, global head of rates and currency research and strategy at TD Securities in New York.