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Fleursdumal
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inappuntabile fo 
era il sito del cbot reticente 
Treasuries Little Changed Before Bernanke's Senate Testimony
By Annie Pinkert and Deborah Finestone
Jan. 18 (Bloomberg) -- U.S. Treasuries were little changed before Federal Reserve Chairman Ben S. Bernanke's testimony at a Senate Budget Committee meeting.
Bonds declined earlier after reports showed housing starts in the U.S. unexpectedly rose last month and consumer prices accelerated for the first time in four months during December, adding to proof the economy is strong enough to allow the Federal Reserve to keep interest rates steady in the first half of 2007.
``The market has digested this data just fine, and has turned its attention to the 10 a.m. testimony from Bernanke,'' said Raymond Remy, head of fixed-income at Daiwa Securities America in New York. ``The Fed will be on hold for a long time, at the minimum through the second quarter of 2007.
The yield on the benchmark 10-year note was little changed at 4.78 percent at 9:49 a.m. in New York, according to bond broker Cantor Fitzgerald LP. The price of the 4 5/8 percent note due in November 2016 was unchanged at 98 25/32.
Traders said bonds may have pared their losses on speculation of a confrontation in the Persian Gulf between the U.S. and Iran.
Bernanke's topic is ``Long-Term Fiscal Challenges Facing the United States.'' There will be a prepared text.
Housing Starts
Housing starts increased as sales improved and the weather turned unseasonably warm. Builders broke ground on new homes at an annual rate of 1.642 million last month, up 4.5 percent from November's 1.572 million rate, the Commerce Department said today in Washington. Building permits jumped 5.5 percent, the most in four years, to a 1.596 million pace.
``When we start seeing a bottoming or even improvement in housing, that part of some market participants' concern starts falling by the wayside,'' said Kevin Flanagan, a fixed-income strategist in Purchase, New York, for Morgan Stanley's individual investor clients. ``The bottom line for the Fed is rates are on hold for the foreseeable future.
The consumer price index rose 0.5 percent, the most since April, after holding steady in November, the Labor Department said in Washington. The median estimate of 74 economists surveyed by Bloomberg News was for a 0.4 percent gain.
Excluding food and energy, so-called core consumer prices rose 0.2 percent, following no change a month earlier and compared with a forecast for a 0.2 percent gain. Core prices rose 2.6 percent in the 12 months through December, compared with the forecast for a 2.6 percent gain.
Core Prices
Bernanke has said he would like to see core prices for the Fed's preferred measure of inflation, which is tied to consumer spending, rise between 1 percent and 2 percent.
Futures traders see no chance the Fed will cut its target rate for overnight loans between banks at its two meetings before April. As recently as Dec. 1, the odds were 70 percent that rates would decrease in the first quarter. Traders see an 8 percent chance borrowing costs will fall in May, compared with 11 percent odds yesterday.
A report due out at noon from the Fed Bank of Philadelphia is expected to show manufacturing in the region recovered this month after weakening in December.
The general economic index may rise to 3.1 from a revised minus 2.3 last month, according to the median forecast of economists surveyed by Bloomberg News. A number above zero means that most manufacturers reported business was strengthening.
Earlier, Fed Bank of Cleveland President Sandra Pianalto said the central bank may still need to take action should inflation fail to keep slowing.
``It is difficult to know where the inflation trend will settle out,'' Pianalto said in a speech at a conference in Dayton, Ohio. ``There is still a risk that the underlying inflation trend will not continue to improve, in which case, the FOMC will need to respond with the appropriate policy actions.''
era il sito del cbot reticente Treasuries Little Changed Before Bernanke's Senate Testimony
By Annie Pinkert and Deborah Finestone
Jan. 18 (Bloomberg) -- U.S. Treasuries were little changed before Federal Reserve Chairman Ben S. Bernanke's testimony at a Senate Budget Committee meeting.
Bonds declined earlier after reports showed housing starts in the U.S. unexpectedly rose last month and consumer prices accelerated for the first time in four months during December, adding to proof the economy is strong enough to allow the Federal Reserve to keep interest rates steady in the first half of 2007.
``The market has digested this data just fine, and has turned its attention to the 10 a.m. testimony from Bernanke,'' said Raymond Remy, head of fixed-income at Daiwa Securities America in New York. ``The Fed will be on hold for a long time, at the minimum through the second quarter of 2007.
The yield on the benchmark 10-year note was little changed at 4.78 percent at 9:49 a.m. in New York, according to bond broker Cantor Fitzgerald LP. The price of the 4 5/8 percent note due in November 2016 was unchanged at 98 25/32.
Traders said bonds may have pared their losses on speculation of a confrontation in the Persian Gulf between the U.S. and Iran.
Bernanke's topic is ``Long-Term Fiscal Challenges Facing the United States.'' There will be a prepared text.
Housing Starts
Housing starts increased as sales improved and the weather turned unseasonably warm. Builders broke ground on new homes at an annual rate of 1.642 million last month, up 4.5 percent from November's 1.572 million rate, the Commerce Department said today in Washington. Building permits jumped 5.5 percent, the most in four years, to a 1.596 million pace.
``When we start seeing a bottoming or even improvement in housing, that part of some market participants' concern starts falling by the wayside,'' said Kevin Flanagan, a fixed-income strategist in Purchase, New York, for Morgan Stanley's individual investor clients. ``The bottom line for the Fed is rates are on hold for the foreseeable future.
The consumer price index rose 0.5 percent, the most since April, after holding steady in November, the Labor Department said in Washington. The median estimate of 74 economists surveyed by Bloomberg News was for a 0.4 percent gain.
Excluding food and energy, so-called core consumer prices rose 0.2 percent, following no change a month earlier and compared with a forecast for a 0.2 percent gain. Core prices rose 2.6 percent in the 12 months through December, compared with the forecast for a 2.6 percent gain.
Core Prices
Bernanke has said he would like to see core prices for the Fed's preferred measure of inflation, which is tied to consumer spending, rise between 1 percent and 2 percent.
Futures traders see no chance the Fed will cut its target rate for overnight loans between banks at its two meetings before April. As recently as Dec. 1, the odds were 70 percent that rates would decrease in the first quarter. Traders see an 8 percent chance borrowing costs will fall in May, compared with 11 percent odds yesterday.
A report due out at noon from the Fed Bank of Philadelphia is expected to show manufacturing in the region recovered this month after weakening in December.
The general economic index may rise to 3.1 from a revised minus 2.3 last month, according to the median forecast of economists surveyed by Bloomberg News. A number above zero means that most manufacturers reported business was strengthening.
Earlier, Fed Bank of Cleveland President Sandra Pianalto said the central bank may still need to take action should inflation fail to keep slowing.
``It is difficult to know where the inflation trend will settle out,'' Pianalto said in a speech at a conference in Dayton, Ohio. ``There is still a risk that the underlying inflation trend will not continue to improve, in which case, the FOMC will need to respond with the appropriate policy actions.''
masgui
Forumer storico
Fleursdumal ha scritto:
Vero:
Woolfolk says. Focus shifts next to Ben
Bernanke who "will be grilled" at 10:00 a.m EDT by the Senate Budget
Committee. Bernanke may mention a threat to price stability, which would
further reduce the chance of a Fed rate cut. "The data, along with
Bernanke, may allow us to test 4.85% (10-year Tsy) today," Woolfolk
says.
carina l'espressione .....will be grilled...
Fleursdumal
फूल की बुराई
trascino stancamente il mio minilong 
se due anni fa mi avessero detto guarda che gen07 sarai long da 42k e rotti lo avrei spedito per direttissima al manicomio di Cecina
trail saldamente piantato sul ciglio del gap mattutino
se due anni fa mi avessero detto guarda che gen07 sarai long da 42k e rotti lo avrei spedito per direttissima al manicomio di Cecina trail saldamente piantato sul ciglio del gap mattutino
Fleursdumal
फूल की बुराई
Ecco il bernakka che sta proferendo verbo 
Fleursdumal
फूल की बुराई
*DJ Fed's Bernanke: Seeing 'Calm Before Storm' On Deficit
masgui
Forumer storico
ore: 16.00 Fed Chair Bernanke before Senate Budget Comm: sticks to topic, warning
we need sustained efforts to fix the budget deficit; econ growth alone
will not solve our problems. Recent dip in budget deficit largely is due
to solid revenue growth, and warns against growing govt debt. There is
nothing on mon-policy in the prepared text, but Q&A later could bring
out something more mkt-moving.
non è piacuta molto l'esternazione
we need sustained efforts to fix the budget deficit; econ growth alone
will not solve our problems. Recent dip in budget deficit largely is due
to solid revenue growth, and warns against growing govt debt. There is
nothing on mon-policy in the prepared text, but Q&A later could bring
out something more mkt-moving.
non è piacuta molto l'esternazione
Fleursdumal
फूल की बुराई
come non detto preso il trail
masgui
Forumer storico
f4f ha scritto:no
ma forse si corregge, sai, perchè se continua così blocca al Senato ogni speranza del Bush di mandare altri soldati nella fornace irachena :
no money no war
A bhe se bernanke si fa intimorire da uno come Bush, non credo.
Però uno come lui che dice " O bhe americani siete tutti felici e contenti, siete tutti tranquilli che l'america tira ma guardate un attimo il bilancio che fa schifo. rischiate di fallire"
EPICO.
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