Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Market
Treasury Yields Hit 30-Month High before Bernanke Speech
NEW YORK (1/6/13)--Yields on 10-year U.S. Treasury bonds hit their highest level since 2011 on Thursday--the day before a public speech by Federal Reserve Chair Ben Bernanke.
 
The benchmark on 10-year notes hit a 30-month high of 3.05% before finishing the trading day at 2.99%. The return fluctuated little last week, however, after steadily increasing during the previous six weeks.
 
The increased yield indicates that investors are expecting higher inflation and interest rates as economic growth picks up steam, according to Credit Suisse interest-rate strategist Ira Jersey (Bloomberg.com Jan. 3).
 
Bernanke, who gave a speech Friday at the American Economic Association gathering in Philadelphia, is retiring as Fed chair Jan. 31 (CNBC.com Jan. 3).
 
In December, he announced that the Federal Reserve would start cutting back its $85 billion monthly asset-purchasing program by $10 billion, citing an improved job market and stronger economic growth.
 
Analysts have predicted, however, that a report published this week will show that hiring in December "slipped," according to Bloomberg.


RSS





print
News Now LiveWire
#NewsNow Washington DFI adds 'S' to CAMEL rating http://t.co/8OFaN21Vkz
16 minutes ago
How the '78 #blizzard in NY pushed the popularity of #ATMs http://t.co/Y7Own4ekzY #WinterStormJuno
1 hour ago
#NewsNow Chicago Tribune column: CU membership worth the switch http://t.co/OtGQeS0IpM
2 hours ago
As expected, @TheNCUA #RBC2 plan is in today's Federal Register. Comment deadline is April 27. Proposal here: http://t.co/d80aXrRi9e
2 hours ago
Through the snow, be on the lookout for a @CU4Kids @CMNHospitals @COOPFS billboard in @TimesSquareNYC this week
18 hours ago