Items Tagged with 'United States Treasury security'


  • Rosenberg: Bond Yields Headed to 'Stupid-Low' Levels

    Gluskin-Sheff economist David Rosenberg isn't known for mincing his words, and today he spent a fair amount of time looking at Fed policy options in the near-term. His conclusion? The Fed is out of bullets on the funds rate, and all it really has left is the ability to influence the long end of the yield curve:
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  • The Sky Did Not Fall When the Fed Left the MBS Market

    I love to be wrong in public. For one thing, getting it wrong in public gives pride and ego that little jolt that helps keep one’s mind open and intuition supple. And for another, if I’m wrong with one gloomy-doom-y prognostication, perhaps any of the other looming mishaps I’ve anticipated, like years of sideways home prices, or privately fear, like a premature and hostile resolution of the GSEs, will not come to pass either. Looked at like this, being wrong on the wide and well-lit stages of HousingWire is a genuine comfort.
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  • 62% of Fund Managers See Green Shoots

    The upturn in global investor sentiment withstood the recent large sell-off in bonds, according to the Merrill Lynch Survey of Fund Managers conducted for June and released this week. A net 62% of respondents said the world economy will likely improve in the next 12 months, 5% more than in May. Just 7% of the panel said the world will go through recession in 2010, down sharply from 38% in May and 70% in April.
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  • Treasury Yields Hit Record Lows, But Will it Last?

    Weaker-than-expected construction spending and quickly falling manufacturing activity helped send stocks sharply lower Monday morning, fueling a continued rise in demand for U.S. Treasuries -- and likely pressure from secondary mortgage markets also contributed the extremely bullish bond sentiment as well, sources told HousingWire Monday morning. Call it the two-fer Treasury rally: safe-haven buying combined with a good old-fashioned convexity event, thanks to Fed intervention in U.S. mortgage markets.
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