Ellen's Feed
Dec 16, 2013

Bonds make modest gains after mixed U.S. economic data

NEW YORK, Dec 16 (Reuters) – U.S. Treasuries prices rose on
Monday after mixed readings on manufacturing and as markets
waited for a policy statement from the Federal Reserve later
this week.

The New York Federal Reserve said on Monday its “Empire
State” manufacturing activity index rose in December to 0.98
from -2.21 in November. Economists polled by Reuters had
forecast a stronger reading of 4.8.

Dec 12, 2013

Book Talk: Turow’s ‘Identical’ gives modern twist to Greek myth

NEW YORK (Reuters) – Best-selling author Scott Turow turned to Greek mythology for his latest legal thriller, “Identical,” which centers on a contemporary Greek-American family and community headed by a patriarch named Zeus.

The story is loosely based on the myth of Castor, who is mortal, and his immortal brother Pollux, the twin sons of the Greek god Zeus. It includes key elements of Greek tragedy such as love, anger, devotion, deceit and incest.

Dec 5, 2013

Opera director Robert Carsen on the Met’s ‘Falstaff’

NEW YORK (Reuters) – The New York Metropolitan Opera will stage its first new production of Giuseppe Verdi’s comic opera “Falstaff” in nearly 50 years on Friday and transmit a live performance next week to 2,000 movie theatres in 64 countries.

Canadian opera director Robert Carsen has set the production, which will be conducted by music director James Levine and feature Ambrogio Maestri in the title role, in 1950s England. The December 14 performance will be shown around the globe.

Dec 5, 2013

A Minute With: Opera director Robert Carsen on the Met’s ‘Falstaff’

NEW YORK, Dec 5 (Reuters) – The New York Metropolitan Opera
will stage its first new production of Giuseppe Verdi’s comic
opera “Falstaff” in nearly 50 years on Friday and transmit a
live performance next week to 2,000 movie theaters in 64
countries.

Canadian opera director Robert Carsen has set the
production, which will be conducted by music director James
Levine and feature Ambrogio Maestri in the title role, in 1950s
England. The Dec. 14 performance will be shown around the globe.

Nov 27, 2013

JFK photo exhibit captures Kennedys in public, private moments

NEW YORK (Reuters) – More than 50 photographs of John F. Kennedy, offering a behind-the-scenes record of JFK’s private and public life during his presidential campaign and first year in the White House, comprise “My Kennedy Years,” a new exhibit of signed and dated photographs by Jacques Lowe.

The exhibit, which commemorates the 50th anniversary of Kennedy’s death, runs through January 31, 2014, at the Westwood Gallery in New York.

Nov 25, 2013

Analysis: What taper? Low rates for longer is key Fed theme for 2014

NEW YORK (Reuters) – Debate over when the Federal Reserve could trim its bond purchases monopolized market talk this year, but as a new Fed chief takes charge, more participants believe the key theme to emphasize for 2014 is low rates for longer.

For the bond market, which suffered a number of doomsday predictions for 2013 that never materialized, that means yields could also remain low. Even if they do rise, it might not be by much, since benchmark 10-year yields have already had a 100-plus basis point increase from lows hit in May.

Nov 25, 2013

What taper? Low rates for longer is key Fed theme for 2014

NEW YORK, Nov 25 (Reuters) – Debate over when the Federal
Reserve could trim its bond purchases monopolized market talk
this year, but as a new Fed chief takes charge, more
participants believe the key theme to emphasize for 2014 is low
rates for longer.

For the bond market, which suffered a number of doomsday
predictions for 2013 that never materialized, that means yields
could also remain low. Even if they do rise, it might not be by
much, since benchmark 10-year yields have already had a 100-plus
basis point increase from lows hit in May.

Nov 22, 2013

Long-dated bonds up on curve flattening trades

NEW YORK, Nov 22 (Reuters) – Long-dated Treasuries prices
rose on Friday as curve flattening trades unwound a small bit of
the curve steepening that has occurred amid talk of the Federal
Reserve cutting back its purchases of Treasuries.

The curve has shifted to its steepest level since 2011 amid
continued debate about when the Federal Reserve might trim its
bond purchases, a program known as QE3 and intended to stimulate
the economy by keeping long-term interest rates low.

Nov 21, 2013

Prices up after weak activity index calms taper fears

NEW YORK, Nov 21 (Reuters) – U.S. Treasuries prices rose on
Thursday after a weaker-than-forecast regional manufacturing
index calmed fears about a December cutback in bond purchases by
the Federal Reserve.

When a voting member of the Fed’s policy committee said on
Wednesday a December “taper” was still on the table, worries
about the impact of reduced Fed purchases were revived, even
though many dealers’ official position is that the Fed will not
cut back its buying until March 2014.

Nov 21, 2013

Long-dated Treasury prices slip on tapering fears

NEW YORK, Nov 21 (Reuters) – U.S. Treasuries prices slipped
and long-term interest rates rose on Thursday on worry about the
Federal Reserve cutting back its large-scale bond purchases,
even as soon as December.

After a voting member of the Fed’s policy committee said on
Wednesday a December “taper” was still on the table, worries
about the impact of reduced Fed purchases were revived, even
though many dealers’ official position is that the Fed will not
cut back its buying until March 2014.

    • About Ellen

      "I cover the U.S. Treasury market, including developments in monetary policy and the economy. I have covered these subjects since the Volcker era, though in between I covered stocks for UPI (and Reuters), the defense and aerospace industry and the retail industry. I occasionally write about culture: classical music, opera, museums, and culture-based travel. I live and work in New York City."
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