NEW YORK, June 3- U.S. Treasury debt yields hit seven-month highs on Wednesday, bolstered by a solid U.S. private sector employment report for May and gains in German bond yields after the European Central Bank raised its inflation forecast for this year. "I think the big story is we are trading off as Europe leads the way down," said Ian Lyngen, senior government bond...» Read More
The Fed’s "Operation Twist" was everything it was cracked up to be, and even a bit more. While the stock market was not impressed, the bond market was all for it.
While a lot of attention is focused on the decision by the Federal Reserve to buy longer-dated Treasurys, it’s also important to pay attention to the other new policy: using the proceeds from maturing Fannie Mae and Freddie Mac debt to buy mortgage backed securities.
Due to breaking news on last Friday's Money In Motion, we dropped my trade structure for today's FOMC meeting. Here's the info.
Markets are expecting the Fed to unveil a modern day "Operation Twist," similar to a Federal Reserve program in the early 1960s. Fed watchers speculate on various degrees of easing, but they basically agree the Fed is about to unveil a program to buy longer dated Treasury securities in a bid to hold down interest rates.
Greece will default in the next three to four months, says Amelia Bourdeau, Westpac Institutional Bank.
"The greatest risk is that our political system is not up to the challenge," Treasury Secretary Timothy Geithner tells CNBC's John Harwood. Geithner also denies allegations in a new book that President Obama's economic team subverted his wishes.
"Investors rarely overlook stock market bargains,” says one analyst. But with the Fed intervening in bond markets, the difference between stock and bond yields may be skewed.
Most FOMC meetings have a rapid and real effect on the dollar - but as this week's meeting looms, investors have other concerns.
The Fed in the week ahead is widely expected to pull the trigger on a new easing program, as the European debt crisis continues to boil.
A meeting of European finance officials to discuss the sovereign crisis, paired with the quadruple witching expiration of futures and options guarantees more stock market volatility Friday.
The U.S. markets are posting gains of better than one percent today. Where can investors find opportunities in this market rally? Joe Quinlan, US Trust managing director/chief market strategist, and Ben Pace, Deutsche Bank Private Wealth Management CIO weigh in.
Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates.
An important batch of U.S. economic data could influence Thursday's markets, even as they continue to feel the long dark clouds of Europe's debt crisis.
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Discussing why the U.S. economy is not headed for a recession, with Joseph LaVorgna, Deutsche Bank chief U.S. economist.
The US Treasury would effectively accommodate a possible Federal Reserve stimulus to drive down long-term interest rates, according to people familiar with the matter. The FT reports.
European leaders are in the driver's seat when it comes to markets Wednesday, but traders will also be taking a hard look at U.S. economic data to see if the string of negative surprises is coming to an end.
CNBC's Rick Santelli reports on Tuesday's Treasury auction from the CME.
It might only be a number or a psychological barrier for markets. But the 2 percent level that 10-year U.S. Treasury and German Bund yields have dived under in the past few days is hugely significant. The FT reports.
Markets can't help but remain caught in the latest cross currents of news from Europe, but the question is whether it's going to feel like high or low tide.