News Breaks |
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| June 20, 2012 |
| 12:47 EDT |  | | Fed extends "Operation Twist" but does not announce new QE program
The Fed's Open Market Committee decided to continue extending the average maturity of its securities holdings through the end of the year, a prcoess known as "Operation Twist." Specifically, the committee intends to purchase Treasury securities with remaining maturities of 6-30 years and to sell or redeem an equal amount of Treasury securities with remaining maturities of approximately three years or less. In addition, the central bank will continue reinvesting principal payments from its current securities holdings in agency mortgage-backed securities. As expected, the Fed elected to keep the target range for the federal funds rate at 0%-0.25% and anticipates that rates are likely to remain exceptionally low through at least late 2014. Meanwhile, the central bank's economic outlook became somewhat more pessimistic. Household spending growth appears to be decelerating and the housing sector "remains depressed," the central bank reported, adding that employment growth has slowed in recent months. Voting against the Fed's action was committee member Jeffrey M. Lacker, who opposed continuing "Operation Twist." |
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News For NOSYMBOL From The Last 14 Days Check below for free stories on NOSYMBOL the last two weeks. |
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| May 20, 2013 |
| 15:02 EDT | | | April Construction Spending to be released at 10:00
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| 15:02 EDT | | | May ISM Mfg Index to be released at 10:00
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| 14:55 EDT | | | Treasury Closing Summary:
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| 14:50 EDT | | | Treasury Options Trade: a large block trade
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| 14:17 EDT | | | Averages trading near session lows
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| 14:05 EDT | | | More from Evans: the Fed may, or may not allow assets to run off
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| 13:44 EDT |  | | Moody's warns on U.S. downgrade without budget deal, Bloomberg says
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| 13:40 EDT | | | More from Evans: the FOMC will keep its statement conditional
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| 13:30 EDT | | | Chicago Fed's Evans said the economy is "improving quite a lot,"
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| 13:10 EDT | | | Euro$ interest rate futures have been fairly placid
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| 13:00 EDT | | | Fed Policy Outlook: the markets are more or less on hold awaiting Chairman Bernanke's JEC testimony
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| 12:15 EDT | | | NYMEX crude extended gains over $97 bbl
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| 11:50 EDT | | | U.S. corporate debt: the calendar has a few multi-tranchers
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| 11:45 EDT | | | Treasury's $55 B 3- and 6-month bill auction underachieved
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| 11:10 EDT | | | Treasury announced a $45 B bill auction for Tuesday
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| 11:10 EDT | | | NY Fed bought $1.45 B in bonds
NY Fed bought $1.45 B in bonds dated from February 15, 2036 through May 15, 2043. The Street offered $4.104 B. Bonds have pretty much given up their gains with the 30-year yield at 3.16% versus an earlier low of 3.125% amid a recovery on Wall Street. |
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| 11:07 EDT | | | Democrats may use "nuclear option" to confirm Cordray, The Hill says
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| 10:35 EDT | | | Treasury Option Action: a "package trade" on 10s and 5s
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| 10:25 EDT | | | NY Fed outright purchase: the Fed is buying the usual $1.25 B to $1.75 B in bonds
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| 10:15 EDT | | | Further Weakness Ahead in U.S. May:
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