As expected, Treasury has announced that it will allow the $200 billion Supplemental Financing Program to run down to only $5 billion; that will save $195 billion of borrowing authority under the current debt ceiling: Treasury Issues Debt Management Guidance on the Supplementary Financing Program 1/27/2011 WASHINGTON – The U.S. Department of the Treasury’s Assistant [...]
Posts Tagged ‘Bonds’
Treasury Takes Step 1 in Avoiding the Debt Ceiling
Posted in Finance, tagged Bonds, Debt, Treasury on January 27, 2011 | 3 Comments »
Investors Should Be Prepared to Face Financial Oppression
Posted in Budget, Finance, International, tagged Bonds, Budget, Debt, Deficit, Finance on August 25, 2010 | 3 Comments »
That’s the conclusion of a new report by Morgan Stanley analyst Arnaud Mares. And what, you may ask, is financial oppression? Speaking from the perspective of investors in sovereign debt, Mares defines it as “imposing on creditors real rates of return that are negative or artificially low.” Which doesn’t require outright default. Instead, it [C]an [...]
How to Manage $3 Trillion
Posted in Finance, tagged Blackrock, Bonds, Finance, Fortune, Pimco on August 21, 2009 | Leave a Comment »
Shawn Tully at Fortune has a fun article recounting the rapid rise of Blackrock, which will soon be the largest asset manager in the world. He contrasts the firm’s fixed-income investment strategy with other firms (e.g., Pimco) as follows: BlackRock does not invest by forecasting which way interest rates are headed. Instead BlackRock wonkishly focuses [...]


