Seems like everybody nowadays is interested in buying government bonds, but the reasons differ depending on who you are. The Bank of Japan announced they would increase the purchases of their own sovereign debt following in the footsteps of the Bank of England who also stated they would purchase gilts.
The Federal Reserve has no option but to start buying Treasurys as the government's needs for financing are huge, but the government bond market is a disaster in the making, Marc Faber, editor and publisher of The Gloom, Boom & Doom Report, told CNBC.
The Bernanke 60 Minutes interview lived up to billing with his comments that the country has avoided a Depression lifting market averages this morning.
Letting banks fail is not an option as it will cause a run on all the other banks of all forms of creditors, David Roche, global strategist at Independent Strategy told CNBC.
I can't argue with President Obama's investment advice — a long-term strategy of investing is always wise, and confidence in the future is an important element of any recovery — but jawboning investors to buy won't fix what's ailing this market, says Tony Fratto
The Fast Money traders share their final trades of the day.
Monday, 17 Jun 2013 | 5:50 PM ETScott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened before."
Monday, 17 Jun 2013 | 1:31 PM ET7-Eleven franchisees are charged with identity theft and money laundering, reports CNBC's Andrea Day. The 7-Eleven owners created a "modern-day plantation system" according to the U.S. Attorney.