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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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To: rsobin
‘Ever notice that when there is bad news the dollar soars? What does this mean to you?

Some people find a false sense of security in the dollar?

21 posted on 06/22/2009 9:45:16 AM PDT by NeoCaveman (has created or saved 150,000 posts, sure.)
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To: Zeddicus
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?

Since Obama has a complicit House/Senate, the answer to why would have to be common among Obama and the Democrats that control the House/Senate. Any guesses?

22 posted on 06/22/2009 9:46:48 AM PDT by Go Gordon
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To: geologist

inflation hurt the poor the most, when every dollar you make gets depreciated in value and the stuff you buy keeps increasing

deflation is better for the poor when everything you buy are cheaper. You have greater purchasing power


23 posted on 06/22/2009 9:51:37 AM PDT by 4rcane
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To: Gaffer
I think we are heading for a huge & serious economic crash w/in the next 18 months.

Look at Bloomberg's energy commodities.....pretty big sell off today (-4 to -5% off since Friday) for NYMEX RBOB gasoline.

I do realize that it is nearing the end of the month and prices usually drop for the 30 day contracts or the speculators will have to take delivery.

I do not see anything positive in the near future that says anything about the US economy growing again....the fundamentals just aren't there for it to happen, especially with TARP, Porkulus, Porkulus II, Goobermint Motors, NK, Iran, -$1.8 trillion in new spending, etc., etc.

24 posted on 06/22/2009 9:55:23 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: AngieGal
Just print up some more money Inflation Of Money Supply
25 posted on 06/22/2009 9:56:05 AM PDT by preacher (A government which robs from Peter to pay Paul will always have the support of Paul.)
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To: Petronski; southlake_hoosier
And we haven’t even begun the Prime Mortgage meltdown yet.

Let alone the Alt-A recast meltdown.

Add to both of these the pending commercial real estate crash and the upcoming widespread defaults on consumer debt and credit cards.

26 posted on 06/22/2009 10:32:13 AM PDT by AAABEST (And the light shineth in darkness: and the darkness did not comprehend it)
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To: preacher

That’s a lovely chart. Scary, too.


27 posted on 06/22/2009 12:32:36 PM PDT by Rick_Michael (Have no fear "President Government" is here)
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