*FOMC stresses patience in normalizing interest rates. *Yellen sees boost for U.S. from oil drop, downplays risk. NEW YORK, Dec 17- U.S.» Read More
What does the head of the world's biggest bond firm have to say about the Fed’s extraordinary action Tuesday?
They helped fund America’s efforts in World War II and they’re making a big-time comeback 60 years later.
Bonds look more attractive than stocks in the current climate, as share prices may take another dive, and investors should worry about preserving the money they have rather than making any more, Hugh Hendry, chief investment officer and partner at Eclectica told CNBC.
The Fast Money gang gives their thoughts on events happening Wednesday that may affect the market, including a Goldman conference, housing numbers, the Treasurys auction and more.
Dylan and Karen start Tuesday's show by agreeing that it looks like "anything goes" with the current market, as the Dow spacer snapped its recent rally to end the day almost 3% down. This drop was not a surprise to those who are in the business and watch for such things -- Dylan says it was "anticipatable" and is just "the market behaving as markets do."
Adam writes, “Are investors following the herd into 10 and 30 year Treasury bonds any smarter than those that followed the herd into commodities this past July?”
Here's another business news item for my collection of really important stuff that no one will read about: the yield curve.
Given the speed at which the federal government is throwing money at the financial crisis, the average taxpayer, never mind member of Congress, might not be faulted for losing track. CNBC hasn't. Try $7.36 trillion. That's more than double what was spent on WW II, if adjusted for inflation, based on our computations from a variety of estimates and sources.
New intrigue will arrive in the late afternoon when the Fed releases its balance sheet, says bond expert Tony Crescenzi.
Investors looking for safe places for their capital are fast running out of options as US government bonds are set to see their yield sink to practically zero, Nicole Elliott, technical analyst from Mizuho Corporate Bank, told CNBC.
The choice of Timothy Geithner to be the next Treasury Secretary was greeted enthusiastically on Wall Street and sparked a huge rally in stocks.
If governments throw enough money at the system, a strong, near-term rally should happen, investor Marc Faber said. But if it fails to materialize, prepare for an unprecedented depression.
Despite continued woes in the U.S. economy, the greenback has seen an unexpected surge against currencies around the world As investors become ever more risk averse, emerging markets are bearing the brunt of a flight to safety.
If you're confused over changes in the TARP program CNBC's Steve Liesman thinks you could be missing something vital.
Treasury Secretary Henry Paulson backed away from buying troubled mortgage assets with the $700 billion bailout fund, favoring instead a broader use of the money...
The U.S. Treasury and Federal Reserve on Monday eased the terms of official aid to battered insurance giant American International Group. The following is a chronology of Fed actions to counter a global credit crisis sparked by the collapse of U.S. housing
U.S. Treasury debt prices fell Monday as traders cut prices ahead of billions of dollars of new supply and as stock market gains and a restructured bailout package for American International Group damped investors' appetite for safe-haven government debt.
U.S. short-term Treasurys dipped Tuesday in thin volume as climbing stocks cut off any safe-haven bid while Americans headed to the polls to elect a new president.
The weekend was extremely busy in the world of finance. Starting in South Korea, this nation cut its overnight interest rates by 75 basis points to 4.25%. Genuflecting at the altar of low rates/high liquidity, the Bank of Korea cut rates for the 2nd time this month and by the most ever in one move as the country is experiencing drastically lower growth (0.6% GDP) and a shut off of lending to smaller firms.
In nearly a century, no Treasury secretary has faced a more difficult financial crisis than the one Henry Paulson is contending with. For months, he and his team have been working around the clock, often seven days a week, trying — in vain — to keep it from deepening, according to the New York Times.