Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

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
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
4 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
4 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
7 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
7 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
9 hours ago