News
Bloomberg | Treasury 30-Year Bonds Rise as Fed Starts Buying Longer-Term Maturities
U.S. debt securities also gained as finance ministers prepared to discuss boosting the European Financial Stability Facility. The extra yield investors get for holding long bonds instead of five-year notes was the narrowest in almost two years as the Fed started the program known as Operation Twist.
Bloomberg | Euro Drops to Decade Low Against Yen as Region’s Finance Ministers Meet
The 17-nation currency slid an eight-month low against the dollar. The yen rose against all its major counterparts as Japan’s biggest manufacturers remained below levels seen before a record earthquake in March.
Blogs
Daily Capitalist | Inflation or Deflation: A Mish Mash
The September Personal Income and Outlays report from the BEA came out today, and according to Mish, I should be howling. More on this in a moment. But, personal income declined slightly MoM, spending was up slightly, and PCE is low. To Mish this signals deflation.
