A plan reported to be under discussion by the Federal Reserve to spur the economy while keeping a lid on inflation would drive up short-term interest rates, according to Royal Bank of Canada’s Michael Cloherty.
Superstorm Sandy taught U.S. Treasury officials they need to keep more cash on hand for a rainy day. The solution may be a rising tide of bill sales in the years ahead.
"Investors have seemingly used the liquidity of auctions to source large blocks of bonds."
- Michael Cloherty on Nov 12, 2014
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