Dealers hoard Treasurys as "fiscal cliff" looms

12/25/2012 | Bloomberg

Bond dealers have lowered the bonds offered to the Federal Reserve to an average of $8.04 billion per day over the past two weeks -- down from $11.6 billion in September 2011. Demand is growing for U.S. government debt safety as Congress struggles to put together a "fiscal cliff" plan. According to a Bloomberg survey of analysts, 10-year rates will grow to 1.88% by the end of June 2013 and 2.17% by the end of next year.

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