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- Obama Hits Boehner For Pulling Out of Talks, Killing $3T Deal
- Update:US Sovereign Rating Vulnerable Even If Default Avoided
- US DATA: Tsy investor allotments data show Jul 3y go.
- US DATA: Tsy investor allotments data show Jul 3y go.
- US DATA: Tsy investor allotments data show Jul 3y go.
- All Eyes on Obama & Boehner During ‘Hot Weekend’ in Washington
- Bank of Portugal Chief Says EMU Summit Decision Very Positive
- ECB Trichet: Integrity of ECB ‘Non-Negotiable’: Press
- Onward and upward
- US Tsy, Fed Meet To Discuss Implications If Debt Lim Not Hiked
- Trichet: Not in favor of eurobonds
- Geithner, Bernanke and Dudley: Confident debt ceiling deal will be reached
- US Sovereign Rating Remains Vulnerable Even If Default Avoided
- Update: Weidmann: Greek Deal Weakens Sound Finances Incentive
- Oslo police say shots fired after blast
- ECB Weidmann: Greek Deal Weakens Incentive For Sound Finances
- USD/JPY finding support t 78.25
- Norwegian police says several explosions heard by witnesses
- UK cuts rate on loan to Ireland
- US’s Reid: Obama, Boehner Are Negotiating Debt Ceiling Deal
| Obama Hits Boehner For Pulling Out of Talks, Killing $3T Deal Posted: –President Obama: Still ‘Confident’ Will Pass Debt Hike On Time –Obama: Boehner Rejected $3 Trillion Deficit Cut Deal –Obama: Not Sure If the GOP Has ‘Capacity’ To Make Deficit Agreement –House Speaker Boehner: Also ‘Confident’ Will Be Able To Avoid Default –Rep. Boehner: Obama Increased Revenue Demand From $800B to $1.2T By John Shaw WASHINGTON [...]    |
| Update:US Sovereign Rating Vulnerable Even If Default Avoided Posted: –Updating With Comments From Moody’s Analyst –’Credible’ $4 Tln Deficit Reduction Package Wld Ensure U.S. AAA Rating By Yali N’Diaye WASHINGTON (MNI) – U.S. rating agencies, the financial markets, Congress, and the Obama administration, all agree the implications of a U.S. default would be widespread across sectors and regions worldwide. Following a meeting with Treasury [...]  |
| US DATA: Tsy investor allotments data show Jul 3y go. Posted: US DATA: Tsy investor allotments data show Jul 3y had 21.1% go to foreign and 17.5% to inv funds; 10y reopen had 21% to foreign and 25.9% to funds; 30y reopen had 13.6% foreign and 37.2% funds.  |
| US DATA: Tsy investor allotments data show Jul 3y go. Posted: US DATA: Tsy investor allotments data show Jul 3y had 21.1% go to foreign and 17.5% to inv funds; 10y reopen had 21% to foreign and 25.9% to funds; 30y reopen had 13.6% foreign and 37.2% funds. |
| US DATA: Tsy investor allotments data show Jul 3y go. Posted: US DATA: Tsy investor allotments data show Jul 3y had 21.1% go to foreign and 17.5% to inv funds; 10y reopen had 21% to foreign and 25.9% to funds; 30y reopen had 13.6% foreign and 37.2% funds. |
| All Eyes on Obama & Boehner During ‘Hot Weekend’ in Washington Posted: –President Obama, House Speaker Boehner Expected To Talk Over Weekend –Obama, Boehner Expected To Explore ‘Grand’ Deal, Back Up Debt Options –Boehner Tells House Republicans He Wants House Vote Next Wednesday –Treasury’s Geithner To Appear On Two Sunday Talk Shows By John Shaw WASHINGTON (MNI) – With temperatures this weekend in Washington expected to exceed [...]  |
| Bank of Portugal Chief Says EMU Summit Decision Very Positive Posted: LISBON (MNI) – European Central Bank Governing Council member Carlos Costa, who is Governor of the Bank of Portugal, said Friday that the decisions taken at the EMU Summit are very positive and show that Greece’s problems will be overcome. Speaking on the sidelines of a conference on fiscal policy, Costa said the decisions taken [...]  |
| ECB Trichet: Integrity of ECB ‘Non-Negotiable’: Press Posted: FRANKFURT (MNI) – The integrity of the European Central Bank is key and protecting it is “non-negotiable,” ECB President Jean-Claude Trichet told the Sueddeutsche Zeitung. In an interview with the paper to be published on Saturday but pre-released early Friday evening, Trichet said that governments have followed the central bank’s advice by avoiding compulsory private [...]  |
| Posted: Let the move begin. A pleasant afternoon to all and a nice weekend too.  |
| US Tsy, Fed Meet To Discuss Implications If Debt Lim Not Hiked Posted: –Geithner/Bernanke/Dudley: ‘Remain Confident’ Ceiling To Be Raised Soon By Brai Odion-Esene WASHINGTON (MNI) – U.S. Treasury and Federal Reserve officials met Friday to discuss the likely impact on the economy if the unthinkable happens and Congress fails to raise the debt ceiling. U.S. Treasury Secretary Geithner met with Federal Reserve Bank Chairman Ben Bernanke and [...]  |
| Trichet: Not in favor of eurobonds Posted: Greece a unique case Euro is solid, credible currency Fiscal problems concentrated in a few countries Integrity of the ECB non-negotiable The comments come in a German newspaper interview.  |
| Geithner, Bernanke and Dudley: Confident debt ceiling deal will be reached Posted: After telling everyone that failure to hike the debt ceiling, it may be wise to start to downplay those fears in case a deal is not reached…  |
| US Sovereign Rating Remains Vulnerable Even If Default Avoided Posted: By Yali N’Diaye WASHINGTON (MNI) – U.S. rating agencies, the financial markets, Congress, and the Obama administration, all agree the implications of a U.S. default would be widespread across sectors and regions worldwide. Following a meeting with Treasury Secretary Timothy Geithner Friday, even former Treasury Secretary Henry Paulson warned of the “irreparable harm” if the [...]  |
| Update: Weidmann: Greek Deal Weakens Sound Finances Incentive Posted: FRANKFURT (MNI) – The new bailout plan for Greece is putting additional risks on taxpayers elsewhere in the Eurozone and is weakening incentives for sound fiscal policies, European Central Bank Governing Council member Jens Weidann warned Friday. The Eurozone has taken “a large step towards the collectivization of risks in case of unsound public finances [...]  |
| Oslo police say shots fired after blast Posted: Pretty major event unfolding in the normally placid Norwegian capital… EUR/USD backing away after a rally to the 1.4370/75 area, now at 1.4357.  |
| ECB Weidmann: Greek Deal Weakens Incentive For Sound Finances Posted: FRANKFURT (MNI) – The new bailout plan for Greece is putting additional risks on taxpayers elsewhere in the Eurozone and is weakening incentives for sound fiscal policies, European Central Bank Governing Council member Jens Weidann warned Friday. The Eurozone has taken “a large step towards the collectivization of risks in case of unsound public finances [...]  |
| USD/JPY finding support t 78.25 Posted: Not sure if the “usual suspects” like Japanese importers (oil companies) and Kampo, the postal savings system are on the bid but we do seem to bounce each time we test edge below 78.30. Bounces are shallow near-term, only to the mid-78.40s.  |
| Norwegian police says several explosions heard by witnesses Posted: Not surprising given the wide-spread damage…  |
| UK cuts rate on loan to Ireland Posted: New terms will more than cover UK costs of borrowing This follows yesterday’s cut in Ireland’s loan rate from the EU…No word yet on whether the term has been extended to 15 years like the EU loans…  |
| US’s Reid: Obama, Boehner Are Negotiating Debt Ceiling Deal Posted: –Senate Majority Leader Reid: ‘I Wish Them Well’ in Budget Talks –Hasn’t Been Involved In ‘Day-To-Day Negotiations’ –Obama And Boehner Are Discussing Spending Cuts, Revenues –Weekend Session Not Needed; ‘Circumstances Have Changed’ By John Shaw WASHINGTON (MNI) – In yet another surprising twist in the agonizing saga to increase the U.S.’s statutory debt ceiling, Senate [...]  |
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