Fed buys $3.5 billion in Treasurys

revolver

By Deborah Levine
UST10Y

NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $3.5 billion in Treasurys maturing between 2019 and 2026 on Wednesday, the second operation this week and the latest in the central bank's attempts to keep a lid on borrowing costs and spur economic activity. Dealers offered $10.979 billion to be purchased. The last three times the Fed bought from this maturity range, it purchased about $2.91 billion on average. The central bank is expected to release its schedule of upcoming buybacks later in the session. Bonds of most maturities stayed lower ahead of the government's sale of $19 billion in 10-year notes. Yields on the benchmark security (UST10Y 3.90, +0.04, +1.12%) , which move inversely to prices, rose 4 basis points to 3.90%.

FED买国债量越买越大，maturity越买越近了！

dara

左右手互搏 !!!!

n748

Let them play the game. Fed can buy all the treasurys if they want. Who cares.

Next, it does not need to open public, Treasury can go directly to Fed for money. And Fed can simply print at no cost, or perhaps some cost for labor and paper.

What a easy life. Everyone should be happy. We can even eliminate all the taxes. Why not if you can get money without any cost. All the US people can get some from Fed's printing.

That's better than life in heavens.

wlee

ppteam

2# dara

左右手互淫。

毛点点

那收益率应该跌下来才对阿，还有贷款利率

revolver

3# n748

Big Ben is bringing USD paper money back to its intrinsic value, that is ZERO!

dara

2# dara

左右手互淫。
ppteam 发表于 2009-6-10 11:24

colderdown

1# revolver


"FED买国债量越买越大，maturity越买越近了！" They finally did what I think the stupidest thing ever, they are defending the fcuking WRONG spot rate.

GAME OVER if they keep doing this, no matter you are bull or bear.

revolver

10# colderdown

Hyperinflation is coming, there has been no way back.

layschips

10# colderdown

i guess they have no way out. Russia is going to sell so as to buy International Monetary Fund bonds; China has showed interest in buying 50B IMF bond, implying less money for treasury. Big buyers are leaving, what else can they do?

colderdown

12# layschips


WAR!

layschips

13# colderdown

Another option is, some states declare independence, eliminating all debts and US will no longer be one single country, something like bankrupt and restructure

revolver

10# colderdown

i guess they have no way out. Russia is going to sell so as to buy International Monetary Fund bonds; China has showed interest in buying 50B IMF bond, implying less money for trea ...
layschips 发表于 2009-6-10 12:02

If this was the beginning of something much bigger......

http://www.bloomberg.com/apps/ne ... mp;sid=aTJAA8V19ySU

layschips

15# revolver

Thanks.
If this is what's going to happen, are we expecting oil and gold continuing their rocket flight, US stock market becoming super bull with hyperinflation, and the country totally screwed?

纽约的鱼

14# layschips
LOL

ByStander

By Deborah Levine
UST10Y

NEW YORK (MarketWatch) -- The Federal Reserve Bank of New York bought $3.5 billion in Treasurys maturing between 2019 and 2026 on Wednesday, the second operation this week ...
revolver 发表于 2009-6-10 11:17

Well, some people say as long as 10 year T bill yield is below 4.7%, it's OK. Apparently FED doesn't think so

revolver

16# layschips

Hyerinflation is not good to stock market!

ybgx

16# layschips

Hyerinflation is not good to stock market!
revolver 发表于 2009-6-11 10:50

May I ask why since I have seen different views on this.  Thanks!