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.
The game of musical chairs between strategists in the U.S. government bond market is heating up.
"Investors have seemingly used the liquidity of auctions to source large blocks of bonds."
- Michael Cloherty on Nov 12, 2014
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