Stock market, and economy, at any point in time are unfathomable IMHO. Among plethora of conflicting news, it is a challenge to understand the true state of affairs. Plus majority of us are biased. A Bull is always on a lookout for good news. This blog is for Bulls- where only those news are posted which strengthen Bullish outlook. If a Bear stepped into this Bull territory by mistake, he should get out and visit a field dedicated to Bears: http://for-bears.blogspot.com
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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