The Great Debate

Toxic asset profits, public liability

October 26, 2010

Hedge funds sponsored by the U.S. Treasury are reporting eye-popping returns, but the costs to taxpayers and households could end up being massive.

Position fatigue prompting short-term dollar rethink

September 28, 2009

– Neal Kimberley is an FX market analyst for Reuters. The opinions expressed are his own –

Fishy bailout profits and ephemeral gains

By J Saft
September 1, 2009

jamessaft1.jpg(James Saft is a Reuters columnist. The opinions expressed are his own)

There is a long list of outfits which have done well out of the banking bailout, but the U.S. Treasury and Federal Reserve are not among them.

Bonds swamped in fair weather or foul

May 29, 2009

James Saft Great Debate – James Saft is a Reuters columnist. The opinions expressed are his own –

Come good news or bad, the U.S. treasury market is taking a sell now and wait for inflation later strategy.

Uncertain Fed support sinks bonds

April 30, 2009

John Kemp Great Debate– John Kemp is a Reuters columnist. The views expressed are his own –

The bond market’s adverse reaction after the Fed announced no new asset purchase facilities or bond buyback programs highlights the fundamental difference between interest rates and quantitative easing (QE).

Obama and flawed logic on Cuba

By Bernd Debusmann
April 14, 2009

Bernd Debusmann - Great Debate

– Bernd Debusmann is a Reuters columnist. The opinions expressed are his own –

Bond market vigilantes saddle up

By J Saft
April 10, 2009

jimsaftcolumn– James Saft is a Reuters columnist. The opinions expressed are his own –

Efforts to reflate the economies of the U.S. and Britain are running into one potentially major problem; the bond market.

Fed sets out exit strategy

March 26, 2009

John Kemp Great Debate– John Kemp is a Reuters columnist. The views expressed are his own –

Intense criticism of the Fed’s role in the financial rescue program and the decision to triple its balance sheet, including monetizing a portion of the Treasury’s debt, has forced the central bank to issue an unusual defense of its actions (http://www.federalreserve.gov/newsevents/press/monetary/20090323b.htm).

U.S. government borrowing runs into resistance

March 26, 2009

John Kemp Great Debate– John Kemp is a Reuters columnist. The views expressed are his own –

Investors have started to balk at absorbing large quantities of U.S. government debt, taking on substantial inflation and devaluation risk in return for little reward. While the government has no trouble placing short-term debt with a maturity of up to 2 years, longer-dated securities are proving much harder to sell.

Playing chicken with the Fed

February 4, 2009

John Kemp Great Debate– John Kemp is a Reuters columnist. The opinions expressed are his own –

Yields on long-term U.S. Treasury debt continued to surge higher yesterday as the market braced for a future upturn in inflation and a tidal wave of long-dated issues that will be needed to fund the bank rescues and the emerging stimulus package.