News
Bloomberg | Treasury 10-Year Yields Touch Level Below 200-Day Moving Average
Treasury 10-year note yields touched a level below their 200-day moving average for the first time since December on speculation Europe’s debt crisis is getting worse and the U.S. economy is weakening.
Econ Comments
MarketWatch | QE2 was a bust
It‘s cost $600 billion of your money. And it was supposed to rescue the economy. But has Ben Bernanke’s huge financial stimulus package, known as “Quantitative Easing 2,” actually worked as planned?
Blogs
WSJ: Real Time Economics | Kansas City, Dallas Feds Want Higher Discount Rate
Ten of the Fed’s 12 district banks voted to keep the discount rate unchanged at 0.75%, according to minutes released Tuesday. Directors from the Kansas City and Dallas Fed called for an increase in the rate to 1%.
WSJ: Real Time Economics | OECD Urges Fed to Raise Rates
In its semi-annual economic outlook, the OECD said gradually tightening credit soon after the Fed completes its government bond purchases in June would reduce the need for steeper–and potentially disruptive–increases in interest rates later.
