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Monday, January 28, 2013

Monetary

News                                                                                                                             
Bloomberg | Default Swaps Lift Sovereign Ratings From Brink of Junk
The risk of owning sovereign bonds has fallen to a two-year low, setting the stage for more gains by the riskiest government securities as the investors look to a healing world economy.
Market Watch | Bernanke still chasing the elusive recovery
As Fed Chief Ben Bernanke faces what may be his last year in office, his goal of a self-sustaining economic recovery may yet exceed his grasp.
WSJ | Fed Seems Set to Keep The Money Spigot Open
Federal Reserve officials are likely to continue their easy-money policies when they gather this week to weigh a mixed economic outlook and a recent run of low inflation.
CNBC | Interest Rates Are Climbing, but May Not Last Long
The sudden rise in interest rates to nine-month highs doesn't yet signal a turn, but that could change if Congress resolves the fiscal crisis hanging over the markets.

Econ Comments & Analysis                                                                                            
Bloomberg | ECB Says Impact of Proposed Banking Rules May Vary Across EU
The European Central Bank said it’s vital to evaluate the impact of planned new banking rules across the European Union as it may vary from one country to another.