Monday, January 10, 2011

Fed Minutes Cite Growth


Treasuries were little changed after minutes of the Federal Reserve's last meeting showed policy makers said economic growth was improving.
U.S. five-year notes earlier led an advance as traders speculated underwriters will repurchase Treasuries used to hedge against moves in interest rates after completing corporate debt sales. Fed minutes showed officials felt economic gains were "not sufficient" to scale back their plans to buy $600 billion in U.S. debt to spur employment in the second round in a stimulus strategy called quantitative easing.
 
Full Article at: http://www.bloomberg.com/news/2011-01-04/treasury-five-year-notes-advance-as-traders-bet-on-rising-corporate-sales.html


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