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Fed Buys $7.5 Billion In Treasurys
Fox Business ^ | 6/22/2009 | Kate Gibson

Posted on 06/22/2009 8:58:13 AM PDT by AngieGal

The buyback is the latest in the central bank's attempts to keep a lid on borrowing costs, though mortgage rates have jumped significantly in the last few weeks in spite of the Fed's efforts. After the buyback, Treasurys stayed higher, pushing yields on benchmark 10-year notes down 6 basis points to 3.72%.

(Excerpt) Read more at foxbusiness.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy
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DJIA down 171 as of now.
1 posted on 06/22/2009 8:58:13 AM PDT by AngieGal
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To: AngieGal

Monetizing the debt just seems like a bad idea.


2 posted on 06/22/2009 8:58:58 AM PDT by Jim from C-Town
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To: Jim from C-Town

Milton Friedman has a lot to say about in his book “Money Mischief”. It is the best way to create hyper-inflation.


3 posted on 06/22/2009 9:00:05 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: AngieGal

What a bunch of serious goofballs..........


4 posted on 06/22/2009 9:00:12 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: AngieGal

The fed is snapping up everything at a staggering rate.There has got to be a day of reckoning for these thieves.


5 posted on 06/22/2009 9:01:36 AM PDT by taxtruth
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To: AngieGal

How does one know WHEN the Fed buying of Treasuries occur?

Seems to me that the Feds are more than happy to kill the average americans savings, and make paupers of us all.

Ba****ds!!!!

Of course the DOW is down, have to make the sheep run for the false cover of US debt for safety!! /s


6 posted on 06/22/2009 9:04:15 AM PDT by TruthConquers (Delendae sunt publici scholae)
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To: AngieGal

It had been reported earlier The Fed had committed to buy $300 billion in Treasury Bonds this year in an effort to keep interest rates down. Basically they’re removing the bonds from the free market, keeping supply down. If there are a lot of bonds on the market, interest rates have to go up in order to attract buyers. With trillions and trillions in projected deficits, and the need to sell bonds to raise spending money and cover the debt, I don’t know how long this will work.


7 posted on 06/22/2009 9:04:57 AM PDT by Stevenc131
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To: AngieGal
How do you buy anything with what you don't have? Print more money?

China is buying commodities instead of Treasuries. This is causing a drop. It appears we are trying to keep the rest of the world from knowing that our Treasuries are worth about as much as sub-prime mortgages today.

This will all catch up. It is possible some people are opening their eyes.

And we haven’t even begun the Prime Mortgage meltdown yet.

8 posted on 06/22/2009 9:06:13 AM PDT by southlake_hoosier (.... One Nation, Under God.......)
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To: AngieGal
This is NOT going to end well. Everybody knows that, right?

There is no possible good outcome from this.

The people in this government are not stupid. They know that what they are doing is setting up a catastrophic collapse. Now, why would they want to do that?

9 posted on 06/22/2009 9:06:21 AM PDT by Zeddicus
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To: southlake_hoosier

EXTRA! EXTRA!!!! READ ALL ABOUT IT!!!! SNAKE SWALLOWS OWN TAIL!!


10 posted on 06/22/2009 9:07:11 AM PDT by Kartographer (".. we mutually pledge to each other our lives, our fortunes, and our sacred honor.")
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To: Stevenc131

Not very long I imagine. Our gov is acting so irresponsibly. I can’t believe anyone thinks this is good.


11 posted on 06/22/2009 9:07:25 AM PDT by DonaldC
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To: AngieGal

12 posted on 06/22/2009 9:10:15 AM PDT by mysterio
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To: AngieGal
After the buyback, Treasurys stayed higher, pushing yields on benchmark 10-year notes down 6 basis points to 3.72%.

Oh boy, down from 3.78% to 3.72%. It was 2.4% six weeks ago.


13 posted on 06/22/2009 9:24:50 AM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: AngieGal

There is a lot more going on here than meets the eye. If the fed buying treasury bonds is so very inflationary then oil, gold , silver, steel ect. would be up against the dollar. I do not think it matters that the perception is weaker if every other currency is weaker conpared to the dollar. ‘Ever notice that when there is bad news the dollar soars? What does this mean to you?


14 posted on 06/22/2009 9:25:08 AM PDT by rsobin
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To: AngieGal

It’s not working, Ben. In fact, it’s beginning to backfire.


15 posted on 06/22/2009 9:25:38 AM PDT by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: southlake_hoosier
And we haven’t even begun the Prime Mortgage meltdown yet.

Let alone the Alt-A recast meltdown.

16 posted on 06/22/2009 9:26:56 AM PDT by Petronski (In Germany they came first for the Communists, And I didn't speak up because I wasn't a Communist...)
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To: rsobin

Then what is going on?


17 posted on 06/22/2009 9:32:27 AM PDT by twigs
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To: DonaldC

Because they can. It is all about money and power.

During “the great depression” ... the rich ended up with immense wealth ... they were able to buy property for a pittance. Truly tragic for poor people, and a travesty perpetuated by the rich.

Much the same thing is happening now. Legal theft on a grand scale.

Nothing to protect the people from having to pay it back, when they received nothing of benefit for it (all the monies).


18 posted on 06/22/2009 9:32:47 AM PDT by geologist (The only answer to the troubles of this life is Jesus. A decision we all must make.)
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To: RSmithOpt

Yep, they jus printed up some worthless cash and bought them T-Bills back so they can print up some more T-bills to cover the cash they printed to buy the last batch of T-bills....Yep, that’s what I call high finance! Duplicitous bunch of thieving morons....


19 posted on 06/22/2009 9:41:31 AM PDT by Gaffer
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To: Jim from C-Town
Monetizing the debt just seems like a bad idea.

Because it is.

20 posted on 06/22/2009 9:43:54 AM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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