Shit is shit no matter who spoon feeds it to you!
Bernanke News Conference
NEW YORK—The Treasurys market faces a new source of potential volatility when Federal Reserve Chairman Ben Bernanke on Wednesday holds the Fed's first news conference following a policy announcement.
Many Treasury investors, whose market is especially sensitive to Fed pronouncements, are bracing for comments that could make for unusually sharp gyrations.The timing is particularly sensitive because the Fed is close to the end of its current easy-money policy.
"Any nuances in the [policy] statement will be overshadowed by what Bernanke says in the afternoon, which, to be completely candid, is a bit of a wild card," said Ian Lyngen, government ...
No comments:
Post a Comment