Advertisement
FXWire Pro Headline | February 12 2013 5:29 EST
Quotes from Standard Chartered:
-The Fed officially conducts bond purchases as part of its QE policy (USD 40bn of Treasuries are purchased each month out of the USD 85bn/month asset-purchase programme), primarily to keep market borrowing rates low.
-This is intended to boost financial conditions for mortgage holders and corporates, as well as support asset prices, not to help to fund the federal budget. In practice, QE brings significant benefits to the government as well by maintaining low interest rates.
-The average 10Y Treasury yield was 1.79% last year, compared with a 10-year average of 3.74%. One concern is that low government yields make it easier for Congress to avoid tough budget decisions. Still, we believe the Fed is firmly committed to maintaining easy monetary conditions for several more years.
Company : FXWire Pro
Website : http://www.fxwirepro.com/
About :
FxWire Pro by IBTimes is a fast-growing professional grade real-time Forex Newsfeed service providing forex traders with a comprehensive overview and insight of the global currency markets in real time.
The service is built on IBTimes' global backbone network of journalists from 13 countries. Expert Forex analysts and journalists convey the key Currency market moving news and events in the shortest and most succinct format possible. FxWire Pro is the only professional Forex Newsfeed service to remove all the unnecessary "information noise" and deliver precise, high quality, currency market related news in a truly trader friendly format.
Forex traders often face information overload and do not have time to crawl through paragraphs of text and find the relevant information needed to place winning trades. FxWire Pro was conceived with the forex trader in mind. The unique style of FxWire Pro has already helped many traders grasp market moving news in the shortest possible time and be on top of the market.
