The Economist has an interview with NY Fed chief Bill Dudley. He says that if US yields are rising for the right reasons, the Fed won’t have to keep buying (or add to its $300 bln announced intentions) Treasuries. The dollar has continued its comback on the remarks which can be found here. To the extent yields are going up because the economic outlook is brighter, the answer would be, don’t do anything. That’s what we expect and hope for.
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Dudley: No more Treasury buys needed if yield rise due to economic optimism
June 5 2009, 9:11pm | Comments »
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WORLD FOREX: Economic Optimism Lifts Dollar,Yen Hit By Flows
By Nicholas Hastings LONDON (Dow Jones)--Optimism over the global economy is lifting the dollar Thursday in Europe, while the yen is getting hit by an ...
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May 28 2009, 12:52pm | Comments »
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