BUnd, Bond e la bbband degli energumeni canuti VM13 (2 lettori)

Fleursdumal

फूल की बुराई
quel rikkione del Bronx sta arrivando sul penultimo box di congestione 134-131, dove sarà ancora una volta una totale incognita:rolleyes:

pietrino vedi di non romperci il ka con le solite menate comunista qua cumunista là, se sei capace argomenta controtesi a quella di sharnin altrimenti smamma :X
 

Fleursdumal

फूल की बुराई
U.S. Longer-Term Notes Decline as Government Debt Sales Loom

http://www.bloomberg.com/apps/news?pid=20601009&sid=ahNRC22P9RWU&refer=bond#


By Dakin Campbell and Gavin Finch
Jan. 5 (Bloomberg) -- Treasury longer-term notes fell for a third day before what will likely be $50 billion in government securities sold this week amid speculation Congressional efforts to spur the U.S. economy will help the nation snap a recession.
Wall Street’s biggest bond firms say Treasuries will decline for the first time in a decade in 2009 as the flight to safety that drove the biggest returns since 1995 fades. President-elect Barack Obama is pushing for tax cuts that may exceed $300 billion in a stimulus package he’s asking Congress to pass within several weeks, a Democratic aide says.
“The rhetoric of the Obama administration and their plans to boost the economy is going to take some of the wind out of the sails” of U.S. debt, said Gary Pollack, who helps oversee $12 billion as head of fixed-income trading at Deutsche Bank AG’s Private Wealth Management unit in New York. Supply “is another negative besides the reversal of the flight to quality. You have the reality that someone has to pay for all these plans.”
The yield on the 10-year note increased seven basis points, or 0.07 percentage point, to 2.41 percent at 10:03 a.m. in New York, according to BGCantor Market Data. The price of the 3.75 percent security maturing in November 2018 dropped 21/32, or $6.56 per $1,000 face amount, to 111 21/32. Two-year yields were little changed at 0.81 percent.
Treasuries pared losses after the Federal Reserve Bank of New York began buying mortgage-backed securities today as part of a $500 billion program to support the U.S. housing market.
Note Sales
Construction spending fell 0.6 percent in November, less than half as much as forecast, the Commerce Department said today, reflecting gains in commercial and government building.
The trend toward higher yields started in earnest on Dec. 31, said Martin Mitchell, head of government bond trading at the Baltimore unit of Stifel Nicolaus & Co. Ten-year note yields have gained 38 basis points since the start of trading that day.
The government is likely to announce today it will sell $30 billion in three-year notes and $12 billion in 10-year notes this week, according to Wrightson ICAP LLC, a research unit of the world’s largest inter-dealer broker in Jersey City, New Jersey. The U.S. also is scheduled to sell $8 billion of 10-year Treasury Inflation Protected Securities tomorrow.
A Bloomberg survey of banks and securities companies projects the 10-year yield will rise to 3.37 percent by year- end, with the most recent forecasts given the heaviest weightings.
Ten-year notes may lose 3.5 percent this year, the first loss since declining 8.3 percent in 1999, based on the median forecast of the 17 primary government security dealers that trade with the Fed. After last year’s rally, yields are so low that coupon payments can’t make up for any drop in bond prices, they said.
Managers Pessimistic
Treasuries returned 14 percent in 2008, according to Merrill Lynch & Co.’s U.S. Treasury Master Index.
“We could start to see stability sooner than the market would otherwise expect,” said William O’Donnell, a U.S. government bond strategist at UBS Securities LLC in Stamford, Connecticut, a primary dealer and a unit of Switzerland’s biggest bank. “As the pendulum swings from risk aversion to risk seeking, that will reduce Treasury demand.”
Fund managers surveyed by Ried, Thunberg & Co. were the most pessimistic on record about Treasuries, based on a survey of expectations for the end of June. The sentiment index dropped to 35 for the seven days ended Jan. 2 from 36 the week before. The economic analysis firm in Jersey City, New Jersey, surveyed 22 fund managers controlling $1.18 trillion. A reading below 50 means investors expect prices to fall.
‘Swiftly and Boldly’
Democrats are scheduled to start drafting the biggest economic-recovery package in U.S. history this week, which may grow to $1 trillion.
The plan to boost spending is getting support from central- bank officials. San Francisco Fed President Janet Yellen said yesterday at an economics conference in San Francisco that “it’s worth pulling out all the stops” with an economic recovery package. Charles Evans, president of the Chicago Fed, told the same gathering he believes a “big stimulus is appropriate.”
“If we don’t act swiftly and boldly, we could see a much deeper economic downturn that could lead to double-digit unemployment,” Obama said Jan. 3 in his weekly radio address.
The Treasury Department is selling record amounts of securities to pay for the government’s spending plans. It estimated it will auction as much as $2 trillion of debt this fiscal year, which began Oct. 1. U.S. marketable debt climbed to $5.82 trillion in November, the most ever, from $4.54 trillion a year earlier.
‘Long Recession’
Bond bulls are sticking to the view that investors will seek the relative safety of Treasuries as the U.S. economy shrinks.
“Treasury yields will fall for the first half of the year,” said Satoshi Arai, chief portfolio investor at Toyota Asset Management Co. in Tokyo, a unit of Japan’s largest automaker with $12 billion in assets. “Employment will get worse. Consumer spending will fall. This will be a long recession.”
Ten-year yields will be under 2 percent and two-year yields will be roughly 0.5 percent for the first six months of 2009, Arai said.
The U.S. probably lost more jobs in 2008 than in any year since the end of World War II, a government report may show. Payrolls fell 500,000 in December, bringing last year’s decline to 2.4 million, the most since 1945, according to the median estimate of economists surveyed by Bloomberg News ahead of Labor Department figures due Jan. 9.
 

ditropan

Forumer storico
hola fleur a che ora domani il risultato dell'asta sui merd-bonds ? ... guarda come tengono oggi i suini in previsione dei dati di domani. :V
 

gipa69

collegio dei patafisici
per cominciare vediamo se vi suscita quacosa questa... :D

siamo alle finali del football americano....

football.jpg
 

Users who are viewing this thread

Alto