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Jan 28, 2015

Fed nods to global troubles, while keeping faith in U.S.

WASHINGTON (Reuters) – For months now Federal Reserve policymakers have watched the economic turmoil overseas, from Ebola to Russia to the ongoing travails of the euro, and largely held their tongue.

On Wednesday the weight of those overseas concerns broke into the Fed’s policy statement, when it included “international developments” in the list of things it would monitor in assessing when to raise interest rates.

Jan 27, 2015

World Chefs: Charles Phan recounts career, shares tips in new book

NEW YORK, Jan 27 (Reuters) – Award-winning chef Charles Phan
chronicles his career and shares his recipes for Vietnamese
cuisine in his newest cookbook, “The Slanted Door,” named after
his famous San Francisco restaurant.

The book, a follow-up to Phan’s “Vietnamese Home Cooking,”
details the history of the restaurant he opened in 1995 and
includes wine notes and cocktail recipes.

Jan 27, 2015

Wall Street left with skeleton crews down as blizzard bears down

NEW YORK (Reuters) – A blizzard bearing down on New York hollowed out Wall Street offices on Monday, leaving most investment banks and fund managers with skeleton staffs as many employees opted to work from home.

The storm, which threatens to dump up to 3 feet (90 cm) of snow on the East Coast and disrupt travel for tens of millions of people, prompted some retail banks to close branches in the region, though major exchanges said they would remain open as usual.

Jan 26, 2015

Wall Street hunkers down as blizzard roars into region; exchanges open

NEW YORK (Reuters) – Wall Street traders scrambled to get home or booked hotel rooms on Monday as a potentially historic blizzard bore down on the U.S. northeast, prompting some banks to close branches in the region, though major exchanges said they would remain open as usual.

Financial professionals planned to work from home or in remote offices, as the storm threatens to dump up to 3 feet (90 cm) of snow on the East Coast and disrupt travel for tens of millions of people.

Jan 26, 2015

Wall Street braces for storm; exchanges to stay open

NEW YORK (Reuters) – Some Wall Street traders booked hotels, while banks and brokerages prepared to get by with bare bones staffing, but major exchanges said it was business as usual as a potentially historic blizzard bore down on the northeast.

Brokers and dealers snapped up hotel rooms in Manhattan in anticipation of problems on the road and with public transportation due to the storm, which threatens to dump up to 3 feet (90 cm) of snow on the East Coast and disrupt travel for tens of millions of people.

Jan 22, 2015

Doubts on U.S. Fed rate hike persist after ECB move

NEW YORK, Jan 22 (Reuters) – Doubts whether the U.S. Federal
Reserve would raise interest rates at all in 2015 lingered on
Thursday following the European Central Bank’s decision to
embark on a bond purchase program to avert deflation spreading
across the euro zone.

Short-term U.S. interest rate futures ended lower in a
volatile session, suggesting some traders scaled back bets the
Fed would refrain from lifting short-term U.S. rates from near
zero this year.

Jan 20, 2015

Dollar gains against yen on Chinese data, bet on BOJ

NEW YORK, Jan 20 (Reuters) – The dollar rose on Tuesday to a
one-week high against the yen as data showed Chinese economic
growth slowed less than many had feared and traders speculated
whether the Bank of Japan could ease policy, curbing demand for
the safe-haven Japanese currency.

The greenback also strengthened on the International
Monetary Fund’s latest forecasts, which said the United States
was on a faster growth trajectory than most other major
economies.

Jan 20, 2015

Dollar rises versus yen on Chinese data, bet on BOJ

NEW YORK (Reuters) – The dollar climbed on Tuesday to a one-week high against the yen as data showed Chinese economic growth slowed less than many had feared and traders speculated whether the Bank of Japan could ease policy, curbing demand for the safe-haven Japanese currency.

The greenback also strengthened on the International Monetary Fund’s latest forecasts that showed the United States was on a faster growth trajectory than most other major economies.

Jan 16, 2015

U.S. bond prices fall as data spurs profit-taking

NEW YORK, Jan 16 (Reuters) – U.S. Treasuries prices fell on
Friday as an upbeat report on U.S. consumer sentiment and less
dire data on inflation sparked profit-taking on recent gains
tied to fears about deflation in Europe and a surprise policy
U-turn by the Swiss central bank.

The U.S. government debt market came off five days of gains
linked to safe-haven demand that had sent the 30-year bond yield
to a series of record lows.

Jan 15, 2015

U.S. 30-year yield hits record low after Swiss rate cut

NEW YORK, Jan 15 (Reuters) – U.S. 30-year Treasuries yield
fell on Thursday to record lows for a second day after a
surprise interest rate cut and dumping of a currency cap by the
Swiss central bank stoked demand for higher-yielding U.S.
government debt.

The Swiss National Bank lowered its policy rates by 50 basis
points, pushing them further into negative territory to -0.75
percent to discourage foreign money flooding into the country as
it decided to abandon a 1.20 francs per euro cap it adopted
three years ago.

    • About Richard

      "I am currently part of the U.S. Treasuries group based in New York, which covers the government debt market as well as interest rate derivatives. Previously, I was a specialist in housing and structured finance. Prior to joining the fixed income team, I had written extensively about the U.S. energy industry with focus on market and regulatory issues."
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