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Keyword: treasuries

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  • Japan overtakes China as world’s largest holder of U.S. Treasuries

    12/16/2016 9:20:23 PM PST · by Rabin · 11 replies
    japan-news ^ | December 16, 2016 | staff
    China’s U.S. Treasuries declined to the lowest in more than six years. Japan overtook China as America’s top foreign creditor. The two nations account for 37 percent of America’s foreign debt holdings.
  • China to sack SIX MILLION state workers from its hugely inefficient state sector

    03/02/2016 4:07:30 PM PST · by Olog-hai · 12 replies
    Daily Mail (UK) ^ | 03:07 EST, 2 March 2016 | Tom Wyke for Mail Online and Reuters
    China aims to lay off 5 to 6 million state workers over the next two to three years as part of efforts to curb industrial overcapacity and pollution. The move is being seen as Beijing's boldest retrenchment program in almost two decades. China's leadership, obsessed with maintaining stability and making sure redundancies do not lead to unrest, will spend nearly 150 billion yuan ($23 billion) to cover layoffs in just the coal and steel sectors in the next 2-3 years. [...] The hugely inefficient state sector employed around 37 million people in 2013, and accounts for about 40 percent of...
  • This is How Financial Chaos Begins

    02/14/2016 8:13:53 AM PST · by Lorianne · 16 replies
    Wolf Street ^ | 12 February 2016 | Wolf Richter
    It’s not contained. There are over $1.8 trillion of US junk bonds outstanding. It’s the lifeblood of over-indebted corporate America. When yields began to soar over a year ago, and liquidity began to dry up at the bottom of the scale, it was “contained.” Yet contagion has spread from energy, metals, and mining to other industries and up the scale. According to UBS, about $1 trillion of these junk bonds are now “stressed” or “distressed.” And the entire corporate bond market, which is far larger than the stock market, is getting antsy. The average yield of CCC or lower-rated junk...
  • Treasury Sells 3-Month Bills At 0% Yield For First Time Ever

    10/10/2015 4:16:27 PM PDT · by Lorianne · 77 replies
    Zero Hedge ^ | 06 October 2015 | Tyler Durden
    "Investors" are so desperate to hold on to short-term paper that they paid $100 for a 3-month Treasury-bill at today's auction. That is a 0% yield - for the first time ever - lower even than the auction right after Lehman's bankruptcy in Nov 2008. It is probably safe to say that NIRP is next, followed by more negative yields further to the right of the curve, as the US gradually becomes Europe. But don't worry: as Yellen admitted during her healthcare-scare speech, "nominal interest rates cannot go much below zero", just a little.
  • Is Fear of China Selling Treasurys Overdone?

    09/02/2015 7:04:46 AM PDT · by BenLurkin · 4 replies
    WSJ ^ | Min Zeng
    China is stirring up the U.S. Treasury market’s pot again. Early last week, sales from China were blamed by traders on why the rally in long-term Treasury debt was muted despite a sharp plunge in global stocks and crude oil prices. Tuesday, the movements in bond market prices again raised speculation that China was in the market selling bonds again to keep in check the bond market’s price strength. While the sales help explain why long-term U.S. bond yields have failed to drop sharply over the past few weeks, analysts and traders don’t expect yields to rise significantly. The bond...
  • China's Record Dumping Of US Treasuries Leaves Goldman Speechless(90 days $520 billion U.S. T-Bonds)

    07/23/2015 5:20:22 AM PDT · by Enlightened1 · 39 replies
    Zero Hedge ^ | 07/22/15 | Tyler Durden
    On Friday, alongside China's announcement that it had bought over 600 tons of gold in "one month", the PBOC released another very important data point: its total foreign exchange reserves, which declined by $17.3 billion to $3,694 billion. We explained all of his on Friday in "China Dumps Record $143 Billion In US Treasurys In Three Months Via Belgium", and frankly we have been surprised that this extremely important topic has not gotten broader attention. Then, to our relief, first JPM noticed. This is what Nikolaos Panigirtzoglou, author of Flows and Liquidity had to say on the topic of China's...
  • Meet The Brand New, And Shocking, Third Largest Foreign Holder Of US Treasurys

    03/18/2014 10:31:37 AM PDT · by Errant · 10 replies
    Zero Hedge ^ | 18 March, 2014 | Tyler Durden
    Something hilarious, and at the same time pathetic, happened earlier today: at precisely 9 am the US Treasury released its delayed Treasury International Capital data (which was supposed to be released yesterday but was delayed because it snowed) which disclosed all the latest foreign Treasury holdings for the month of January. Among the key numbers tracked and disclosed, was that China's official holdings increased from $1.270 trillion to $1.284 trillion, that Japan holdings declined by a tiny $0.2 billion, that UK holdings increased by $7.8 billion to $171 billion, and that holdings of Caribbean Banking Centers, aka hedge funds, declined...
  • Obama & Putin - Trapped In Macho Game Of “Chicken” Over Ukraine - Whole World Could Pay The Price

    03/08/2014 12:25:04 PM PST · by Tolerance Sucks Rocks · 35 replies
    Freedom Outpost ^ | March 6, 2014 | Michael Snyder
    The U.S. government and the Russian government have both been forced into positions where neither one of them can afford to back down. If Barack Obama backs down, he will be greatly criticized for being "weak" and for having been beaten by Vladimir Putin once again. If Putin backs down, he will be greatly criticized for being "weak" and for abandoning the Russians that live in Crimea. In essence, Obama and Putin find themselves trapped in a macho game of "chicken" and critics on both sides stand ready to pounce on the one who backs down. But this is not...
  • China Starts To Make A Power Move Against The US Dollar

    02/21/2014 8:11:40 PM PST · by Tolerance Sucks Rocks · 38 replies
    Freedom Outpost ^ | February 21, 2014 | Michael Snyder
    In order for our current level of debt-fueled prosperity to continue, the rest of the world must continue to use our dollars to trade with one another and must continue to buy our debt at ridiculously low interest rates. Of course the number one foreign nation that we depend on to participate in our system is China. China accounts for more global trade than anyone else on the planet (including the United States), and most of that trade is conducted in U.S. dollars. This keeps demand for our dollars very high, and it ensures that we can import massive quantities...
  • Did the EU Bail Out the US in December?

    02/20/2014 8:44:51 PM PST · by Tolerance Sucks Rocks · 3 replies
    Last Resistance ^ | February 19, 2014 | Michael Minkoff
    It’s Wednesday. So it’s time for more bad news. If you’ve been paying attention, you will have already noticed that the United States is headed toward a cliff of imminent destruction at astonishing speeds. Our financial situation is dire, our political situation is dismal, our international situation is tenuous, and our cultural situation is pathetic. It’s sad. I didn’t think my generation would live to see this, but it looks like America is past the point of no return in its drive toward complete collapse.The most recent sign of doom in the financial sector is the alarming news that China...
  • Super Premium Treasuries and Janet Yellen

    10/08/2013 6:39:44 PM PDT · by whitedog57 · 8 replies
    Confounded Interest ^ | 10/08/2013 | Anthony B. Sanders
    Here is an interesting idea from UBS interest rate strategists Mike Schumacher and Boris Rjavinski. It is called “super premium Treasuries.” Here is how it works. 1. The U.S. government takes in $277 billion in tax revenues each month, and spends $452 billion each month, for a monthly deficit of around $175 billion. 2. It also has, on average, call it $100 billion of Treasury notes coming due each month. Instead of just rolling those Treasuries — paying them off at 100 cents on the dollar by issuing new Treasuries at 100 cents on the dollar — it should pay...
  • $3.39T: Fed Owns More Treasuries and MBS Than Public Debt Amassed From Washington Through Clinton

    09/22/2013 3:06:19 PM PDT · by Olog-hai · 23 replies
    Cybercast News Service ^ | September 22, 2013 - 3:47 PM | Terence P. Jeffrey
    The same day that the Federal Reserve’s Federal Open Market Committee announced last week that the Fed would continue to buy $40 billion in mortgage-backed securities (MBS) and $45 billion in U.S. Treasury securities per month, the Fed also released its latest weekly accounting sheet indicating that it had already accumulated more Treasuries and MBS than the total value of the publicly held U.S. government debt amassed by all U.S. presidents from George Washington though Bill Clinton. Since the beginning of September 2008, in fact, the Fed’s ownership of Treasury securities and MBS has increased sevenfold. As of the close...
  • 10yr Treasury Yield Highest Since July 28, 2011 As Jackson Hole Retreat Begins

    08/19/2013 7:38:56 AM PDT · by whitedog57
    Confounded Interest ^ | 08/19/2013 | Anthony B. Sanders
    Global sovereign yields are up across the board this morning. wbm081913 And the US Treasury 10 year yield is at its highest point since July 28, 2011 — the is over 2 years. ust10081913 Fed Chair Ben Bernanke will not be attending the retreat this year. The Federal Reserve began buying Treasuries as part of its outright purchase program. Here is a list of long-term bond purchase targets. Clearly, The Fed is hoping to push down the long-end of the curve. yc081913 Has The Fed run out of ammo? I think the answer is yes.
  • Fed Fears: Jobless Claims Fall, Treasury Yields Rise To 2 Year High, Dow Futures Down

    08/15/2013 5:54:18 AM PDT · by whitedog57 · 6 replies
    Confounded Interest ^ | 08/15/2013 | Anthony B. Sanders
    Initial jobless claims fell to 320,000 continuing a positive trend continuing a downward trend. ijc081513 The reaction in the 10 year Treasury yield? Up around 8.5 basis points. ust100813 Do I detect a trend since May 1, 2013? The 10 year yield has risen to the highest level in 2 years. ust10081513 Dow Jones Industrials futures down 113. But its only 8:41 in the morning. djiafut081513 So, good employment news scares the market that is concerned with Fed punch bowl removal.
  • Sovereign Yield Jumps on Today’s Part-time Jobs Report (US 10 Year Treasury Up 20 Basis Points)

    07/05/2013 10:37:00 AM PDT · by whitedog57
    Confounded Interest ^ | 07/05/2013 | Anthony B. Sanders
    Investors apparently liked today’s jobs report of +195,000 non-farm employment, despite full-time jobs falling by -240,000. wbm070513 And the US Treasury 10 year yield rose about 20 basis points. ust10070513 The Fannie Mae 4% MBS took a dive with the rise in Treasury yields. fn4pr And the duration of the Fannie Mae 4% MBS continues to climb. fn4dur All this does not bode well for mortgage rates. Let’s see how the Freddie Mac US Mortgage Market Survey 30 Year Homeowner Commitment rate does this week. fredconf The US dollar spot rate is up. usdollr070513 Commodities? Gold and silver way down,...
  • Stockton, CA bankrupt: Expect Cyprus like solution for bond holders

    04/02/2013 6:05:54 AM PDT · by outpostinmass2 · 20 replies
    It is not surprising that they quickly found the source of their pain, the bond holders; those money loving, rich old white guys who know nothing but greed. It is their fault that huge lifelong pensions and free healthcare for life, regardless of how long you worked for the city has not turned Stockton into the utopia it should have been. It is amazing how greedy some people are, they simply don’t care about their fellow man. In a case that will most likely go to the US Supreme Court, the municipal bondholders will be pitted against the California Public...
  • Are treasuries a way of avoiding the bank collapse?

    04/02/2013 6:39:00 AM PDT · by E. Pluribus Unum · 40 replies
    04/02/2013 | E. Pluribus Unum
    If I move my savings to a brokerage account and purchase 2-year treasuries (the shortest term available at my broker) would that at least protect me from having my money stolen by the banks?
  • China's Share of US Treasurys Quietly Falls (Shifting investments to hard assets)

    12/18/2012 8:31:59 AM PST · by SeekAndFind · 3 replies
    <p>We have Republican Rep. Michele Bachmann of Minnesota to thank for that bon mot—a play on the name of outgoing Chinese President Hu Jintao—about the country's massive holdings of U.S. Treasury debt. But, while America's dependence on the largess of foreigners is greater than ever, China's role is quietly receding.</p>
  • The Fiscal Cliff Is A Mole Hill Compared TAG Program Expiry

    11/12/2012 7:38:32 PM PST · by blam · 24 replies
    TMO ^ | 11-12-2012 | Shah Gilani - Money Morning
    The Fiscal Cliff Is A Mole Hill Compared TAG Program Expiry Stock-Markets / Credit Crisis 2012Nov 12, 2012 - 07:24 AM By: Money Morning Shah Gilani writes: Everyone is afraid of falling off the "fiscal cliff." But there's another dangerous countdown clock about hit to zero. And no one is talking about it, even though it will spell even more financial problems for us all. At midnight on December 31, 2012, the Transaction Account Guarantee (TAG) program will expire. The TAG program was initiated at the height of the credit crisis when depositors were fleeing banks for fear they would...
  • Destruction of the US Dollar

    10/15/2012 2:04:32 PM PDT · by Tolerance Sucks Rocks · 11 replies
    Patriot Action Network ^ | October 14, 2012 | Roger O'Daniel
    The picture below shows $15 trillion dollars worth of $100 bills on $10 million dollar pallets stacked on top of each other over an area that is one third larger than a regulation football field. An electronics van is parked between the stack and the Statue of Liberty. A single $100 million dollar pallet rests in front of the truck’s cab. See it?Recently, I reported that the Federal Reserve Bank (FED) secretly gave ten trillion dollars of interest-free loans to over a dozen European banks to shore up the Euro and keep them financially solvent. I later found out that...