June 29th, 2009
June 29 (Bloomberg) — Treasuries rose for a third day, with 10-year yields touching the lowest in a month, amid a rush by investors to U.S. dollar assets as the quarter and month come to an end. Yields fell after Chinese central bank Governor Zhou Xiaochuan said his country is sticking with its foreign-currency reserve policy for now. Purchases of U.S. debt by foreign buyers are helping limit the first-half losses for Treasuries that have been the biggest in at least three decades…–
http://www.bloomberg.com/apps/news?pid=20601103&sid=avpFeSwNSUWM
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June 29th, 2009
June 29 (Bloomberg) — Strategists who came closest to predicting the dollar’s value against the euro so far this year see it strengthening as much as 17 percent in the second half as the U.S. recovers from the recession faster than Europe…– http://bloomberg.com/apps/news?pid=20601170&sid=abVRzOIqXuBs
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June 29th, 2009
June 29 (Bloomberg) — Wall Street’s largest bond-trading firms say the worst may be over for investors in Treasuries after government securities posted their biggest first-half losses in at least three decades. The 16 primary dealers, which trade directly with the Federal Reserve and are obligated to bid at Treasury auctions, forecast the benchmark 10-year note yield will finish the year little changed at 3.58 percent, after rising from 2.21 percent at the end of 2008, according to a survey by Bloomberg News…–
http://bloomberg.com/apps/news?pid=20601087&sid=avun0IcdZoXo
Comment: Wishful thinking has become paramount. Facts and logic are out, fiction and daydreams are in.
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June 24th, 2009
June 22 (Bloomberg) — Analyst forecasts about the dollar have become the most scattered in two years, driving up foreign- exchange price swings and increasing risks that trading strategies and corporate hedges will backfire…” — http://www.bloomberg.com/apps/news?pid=20670001&sid=aLaIb.6J8xFc
Comment: It’s high time our “Cash and Currencies Report” gets started. We’re only a short time away from launching “The Continental Economics Cash and Currencies Report”.
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April 30th, 2009
WASHINGTON – Chrysler will file for bankruptcy after talks with a small group of creditors crumbled just a day before a government deadline for the automaker to come up with a restructuring plan, two administration officials said Thursday.–
http://news.yahoo.com/s/ap/us_chrysler
Comment: The world has become a boring a place where more and more of those things happen that are expected to happen.
Antony Mueller
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