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Nov 2, 2012

Economists say jobs data to have little impact on U.S. elections: Reuters poll

NEW YORK (Reuters) – Stronger-than-expected hiring by U.S. employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on U.S. presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.

Twenty-four economists said the payrolls data would have a “neutral” impact on next Tuesday’s elections, while 15 said the data would have an insignificant impact. Ten economists said the data would have a significant impact, while four said it would have a very insignificant impact, and one said it would have a very significant impact.

Nov 2, 2012

Economists see little impact from jobs data on U.S. elections – Reuters poll

NEW YORK (Reuters) – Stronger-than-expected hiring by U.S. employers in October and a small increase in the jobless rate will have a neutral or insignificant impact on U.S. presidential elections next week, according to most economists surveyed in a Reuters poll on Friday.

Twenty-four economists said the payrolls data would have a “neutral” impact on next Tuesday’s elections, while 15 said the data would have an insignificant impact. Ten economists said the data would have a significant impact, while four said it would have a very insignificant impact, and one said it would have a very significant impact.

Oct 6, 2012

U.S. Fed’s QE3 program expected to total $600 bln – Reuters Poll

NEW YORK (Reuters) – The Federal Reserve will buy a total of $600 billion of bonds under its newest stimulus program, known as QE3, and is likely to buy Treasuries outright after its “Operation Twist” stimulus ends in December, according to a Reuters poll of economists on Friday.

The forecasts from 43 economists for the ultimate size of the Fed’s third round of quantitative easing ranged from $280 billion to $3 trillion.

Sep 17, 2012

Prices rebound from Friday’s sharp sell-off

NEW YORK (Reuters) – U.S. Treasury debt prices rose on Monday as investors did some bargain-hunting following a sharp sell-off last week that was tied to inflation fears and reduced safety bids on optimism about the European debt crisis.

Longer-dated yields retreated from their highest levels since May, which were set on Friday when investors sold Treasuries on fears a Federal Reserve plan to do a third round of bond purchases would fuel rising inflation.

Sep 17, 2012

Prices rebound from Friday’s sharp sell-off

NEW YORK (Reuters) – U.S. Treasury debt prices rose on Monday as investors did some bargain-hunting following a sharp sell-off last week that was tied to inflation fears and reduced safety bids on optimism about the European debt crisis.

Longer-dated yields retreated from their highest levels since May, which were set on Friday when investors sold Treasuries on fears a Federal Reserve plan to do a third round of bond purchases would fuel rising inflation.

Sep 17, 2012

Repo rates dip as auctions settle, Fed QE3 adds pressure

NEW YORK/LONDON (Reuters) – Key overnight lending rates dipped on Monday as investors digested $66 billion of U.S. government debt supply from last week and with pressure from the Federal Reserve’s latest QE3 stimulus plan to buy mortgage-backed securities.

Investors moved into the overnight repurchase agreement market as the $32 billion of three-year notes, $21 billion of reopened 10-year notes and $13 billion of reopened 30-year bonds that were sold last week settled on Monday.

Sep 14, 2012

Fed’s QE3 program seen totalling $600 billion – poll

NEW YORK (Reuters) – The Federal Reserve will buy a total of $600 billion (369 billion pounds) of bonds under its new stimulus program announced Thursday, known as QE3, and will look for a U.S. unemployment rate of 7 percent before it halts the program, according to the median of forecasts from a Reuters poll on Friday.

Forecasts from 52 economists for the ultimate size of the program ranged from $250 billion to $2 trillion, the poll found.

Sep 14, 2012

Fed’s QE3 program seen totaling $600 billion

NEW YORK (Reuters) – The Federal Reserve will buy a total of $600 billion of bonds under its new stimulus program announced Thursday, known as QE3, and will look for a U.S. unemployment rate of 7 percent before it halts the program, according to the median of forecasts from a Reuters poll on Friday.

Forecasts from 52 economists for the ultimate size of the program ranged from $250 billion to $2 trillion, the poll found.

Sep 12, 2012

Funds’ euro zone exposure rises in August

NEW YORK (Reuters) – U.S. prime money market funds boosted their holdings of euro zone bank debt in August with some reduced worries about contagion from the debt crisis in the euro zone, a report from J.P. Morgan Securities released on Wednesday showed.

Prime money market funds added $16 billion to their euro zone debt holdings in August after a $14 billion increase in July.

Sep 11, 2012

Repo rates likely to fall if Twist ends: RBC

NEW YORK/LONDON (Reuters) – Any cancellation of the Federal Reserve’s “Operation Twist” economic stimulus plan as part of a new bond purchase program would likely mean lower interest rates on repurchase agreements, an RBC Capital Markets strategist said on Tuesday.

If the Fed were to stop selling shorter-dated Treasuries due to the end of Twist, dealers would not have as much need to finance Treasury positions in the overnight repo market, which in turn would mean lower repo rates, said Michael Cloherty, head of U.S. rates strategy at RBC Capital Markets in New York.