Firm Capital Mortgage Investment Trust Announces Strong Third Quarter Results Nov 6, 2009
This return on Unitholders' equity equates to 1044 basis points per annum over the average one year Government of Canada treasury bill yield for the quarter and is well in excess of the Trust's target yield objective of 400 basis points per annum over the one year treasury bill yield. DISTRIBUTION OVERVIEW. (CCNMatthews Press Releases)
Press Release: IMF Concludes Visit to The Gambia for the Sixth Review of the Three-Year Program Under the Poverty Reduction and Growth Facility Nov 6, 2009
The mission welcomes the Gambian authorities intention to take corrective actions for the missed end-September performance criterion, notably by preparing a budget for 2010 that will lower government s domestic debt slightly, ease pressure on treasury bill yields, and generate savings from lower interest payments. On this basis, the IMF s Executive Board could consider the sixth review of the PRGF in early 2010. (IMF News)
Bond yields edge up Nov 4, 2009
The Indian central bank will auction 90 billion rupees of treasury bills on Wednesday and three bonds for 90 billion rupees through a price based auction on Friday. The benchmark five-year interest rate swap was at 6. (India Times)
Massive fraud at KMA Nov 3, 2009
A treasury bill valued at GH787. 50 is missing and as the Metro Finance Officer could not produce the certificate of the treasury bill, neither could a document in respect of the treasury bill be produced on request by the team of auditors. (Ghana Web, Ghana)
Press Release: IMF Staff Statement at the Conclusion of PRGF Review Mission to Liberia Nov 3, 2009
Against this backdrop, the mission welcomes the CBL's plans to ensure that all banks operating in Liberia meet capital adequacy standards, to develop the infrastructure for a Liberian dollar treasury bill market with IMF technical assistance, and to further strengthen bank supervision and inspection. The recent allocation of Special Drawing Rights (SDRs) to Liberia significantly expands the country s international reserves to better manage shocks to the balance of payments and the exchange rate. (IMF News)
3-month T-bill rates lowest since Dec. Nov 3, 2009
WASHINGTON - Interest rates on short-term Treasury bills fell in yesterday s auction, with rates on three-month bills dropping to the lowest level since December ... Separately, the Federal Reserve said the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, was unchanged last week at 0. (Boston Globe)
Gross: Dollar Will Keep Falling Oct 31, 2009
Let's face it, they (the Chinese government) are earning zero percent on their Treasury bills or close to it, and they're suffering a depreciating currency at the same time. So their assets are going down by 5 percent to 10 percent a year," Gross said. Gross reiterated his view that the economy is in a new normal, with slower growth. As a result, debt will be slashed, he said. "The new normal basically recognizes that we're in an economy that's de-levering and that we'll move at some point to... (Newsmax)
Public Information Notice: IMF Executive Board Concludes Article IV Consultation with Nigeria Oct 29, 2009
Treasury bill rate (percent; end of period). 7. (IMF News)
Business digest: Cinema cafe coming to Bonita Springs Oct 29, 2009
Interest rates on six-month Treasury bills rose for the second straight week, while rates on three-month bills fell ... Separately, the Federal Reserve said Monday that the average yield for one-year Treasury bills rose to 0. (The News-Press -- Business)
Assinman Rural Bank made impressive performance Oct 29, 2009
Mr Owusu said the bank invested 374,690 Ghana cedis in government treasury bills, this representing an increase of 20 percent against 312,100. 00 Ghana cedis in 2007. (Ghana Web, Ghana)
The odd couple Oct 28, 2009
America s defence budget is still six times China s. As for the Treasury bills, dumping them is not an option for China: a tumbling dollar would hurt its own economy (see ). And as American consumers spend less, while Chinese stimulus boosts its domestic spending, the huge and politically troublesome trade imbalances are shrinking. (The Economist)
* US-China relations remain crucial Oct 28, 2009
During her visit to Beijing, Clinton expressed her appreciation of Chinas investments in US treasury bills and bonds. China is now said to be the countrys biggest foreign creditor. (Taipei Times, Taiwan -- World)
Bill Gross: Say Goodbye to the Risk-Asset Rally Oct 28, 2009
Investors, of course, notice this inevitable conclusion by referencing Treasury bills at 0. 15%, two-year notes at less than 1%, and 10-year maturities at a paltry 3. (BusinessWeek)
Bond yields ease on RBI move Oct 28, 2009
The central bank is scheduled to auction Rs 9,000 crore of treasury bills on Wednesday and Rs 4,315 crore of state loans on Thursday. Analysts are almost evenly split on whether India's central bank will raise interest rates in the next three months, but are unanimous they will be lifted at least once by the end of April, a poll showed on Tuesday. (India Times)
Nigeria: The Banker Who Dared...i Know Where All the 'Bodies' Are Buried - Sanusi Oct 27, 2009
These banks were hardcore borrowers; remember that EDW was for banks that no longer have any liquid asset to pledge: if they had treasury bills or government bonds, they would have gone to the standard borrowing facility. So, having exhausted that facility - these were banks that had taken all the money they could take at the inter-bank, they had also taken all the money they could take at the normal central bank window, and were still short of liquidity. (allAfrica.com)
Mortgage madness Oct 27, 2009
One-month Treasury bill rates ended the week at 3 bps, and three-month bills closed at 6 bps. Two-year government yields rose 5. (Asia Times Online)
Rural and community Banks introduced to a new reporting system Oct 26, 2009
00 in Treasury Bills as against GHC312,100. OO in 2007. (Ghana Web, Ghana)
Bond yields steady; policy eyed Oct 26, 2009
The government has so far not announced a bond auction for this week, but the central bank will auction Rs 90 billion of treasury bills on Wednesday and Rs 43. 15 billion of state loans on Thursday. (India Times)
Currencies: The diminishing dollar Oct 24, 2009
The crisis began within America, and the deeper it became, the more the dollar strengthened as fearful investors sought safety in Treasury bills. Between September 2008 (when Lehman Brothers failed) and March 2009 (when America s stockmarkets hit bottom), the dollar rose by almost 13% on a trade-weighted basis. (The Economist)
Uganda: EU Promises Continued Finances to Uganda Oct 22, 2009
" Commenting on the reduction in aid, Bank of Uganda Governor Emmanuel Tumusiime-Mutebile, said because external assistance will shrink, Uganda needs to tailor its development plans with the fact in mind. This he said, calls for either raising more domestic government resources or borrowing from elsewhere. Relevant Links "It is quite possible that that borrowing will as well include government bonds and treasury bills. " Bond and bills are paper instruments that guarantee that a government owes... (allAfrica.com)
Geithner: Dollar Still a Safe Haven Oct 21, 2009
"The massive build-up on Treasury bill purchases seen in the midst of the crisis has still not eroded by much and if anything represents pent-up potential [dollar] outflows," or a move into riskier dollar assets, says Alan Ruskin, head of international currency for RBS Greenwich Capital in Greenwich, Conn, according to Dow Jones Newswires. 2009 Newsmax. (Newsmax)
Rates rise on short-term T-bills Oct 20, 2009
WASHINGTON - Interest rates on short-term Treasury bills rose in yesterday s auction with rates on six-month bills climbing after nearly two months at record lows ... The discount rates reflect that the Treasury bills auctioned yesterday sold for less than face value. (Boston Globe)
Bond yields near 6-week peak Oct 20, 2009
The government will auction 90 billion rupees worth of treasury bills on Wednesday and another Rs 100 billion of bonds on Friday. The recent uptick in inflation and industrial numbers have led to concerns that the central bank may be prompted to withdraw the excess liquidity from the banking system which could hamper demand for bonds. (India Times)
Federal deficit hits record $1.42 trillion Oct 17, 2009
Yields on three-month Treasury bills, sold every week by the Treasury to raise fresh cash to pay for maturing government debt, are now at 0. 065% while six-month bills have fallen to 0. (USA Today -- News)
Ted Turner Passed Cash `Like a Joint,' Feels `Like a Dummy' on Sale of CNN Oct 17, 2009
The founder of Turner Broadcasting System and the 24-hour cable news channel CNN, Turner said that he has a couple billion dollars left, including $700 million in Treasury bills. While contemporaries such as Chief Executive Officer and Chairman , Liberty Media Corp.s and Viacom Inc.s keep competing in the media industry, Turner says that he doesnt have enough money to get back in the business. (Bloomberg)
Treasury Bond Rally Fails the Asset-Bubble Test Oct 13, 2009
Yields on Treasury bills may have gone negative in December, but theres no New Era talk about note and bond yields falling to zero. The bull market that started in 1981 with bond yields over 15 percent has nowhere to go. (Bloomberg -- Columnists)
Public confidence in the insurance industry dips Oct 11, 2009
For him, since the premiums were to be invested, rate of returns sho= uld not be lower than Treasury bill rate and should also be indexed to rate o= f inflation. This brought the insurance executives present to their feet, all explaining that Mr Dordor's assertion was perfect looking at the finance point of view but there was more to that in relation to the insurance business. (Ghana Web, Ghana)
Gold, dollar gain from US stumble Oct 9, 2009
Moreover, in recent months, reports from China suggest the country will buy up to $US80 billion of the precious metal, as a hedge against US-dollar inflation eroding the value of its estimated $US1 trillion in US Treasury bills. The US government holds $US11. (Sydney Morning Herald -- Business)
Portfolio Investments for A Weakening Dollar Oct 8, 2009
As fear of another Great Depression has ebbed, investors have turned their attention to the null interest to be earned on U.S. Treasury bills and are moving into riskier assets that offer higher returns. The zero interest on short-term government debt has caused more than $500 billion to move from money market accounts to corporate and longer-term government bond funds since January. (BusinessWeek)
Bull market? Now there's a load of bull ... Oct 7, 2009
Do we think the Chinese are going to buy US Treasury bills forever. In the last decade, Americans have had to swallow some bitter economic truths. (Sydney Morning Herald -- Business)
GREAT RETURNS: Funds with super 10-year track records Oct 6, 2009
The past 10 years have been wretched for investors: The Standard & Poor's 500-stock index has gained just 5%, including reinvested dividends, vs. 15% for three-month Treasury bills. Normally, a fund's 10-year record isn't terribly helpful. (USA Today -- Money)
Rupee near four-month high Oct 6, 2009
The central bank will auction Rs 9,000 cr of treasury bills on Wednesday Rs 9,500 cr of state loans on Thursday and Rs 10,000 cr of long dated securities on Friday. The 10-year bond yield fell as low as 7. (India Times)
No way to fix a collapse Oct 6, 2009
One-month Treasury bill rates ended the week at 3 bps, and three-month bills closed at 10 bps. Two-year government yields dropped 11 bps to 0. (Asia Times Online)
Stock futures signal firmer Wall St start Oct 6, 2009
The Fed must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultant Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website. Fertiliser maker Mosaic (MOS.N) posted a 91 percent drop in fiscal first-quarter profit, but expressed optimism that farmers would increase fertiliser purchases in the near future. (Yahoo News -- Press Releases)
Bremmer, Roubini: Fed Has to Implement Exit Strategy Oct 6, 2009
(Reuters) - The U.S. Federal Reserve must pre-emptively state it will not buy more Treasury bills in order to implement a cohesive exit strategy from the massive monetary bailouts it has provided, economic consultants Ian Bremmer and Nouriel Roubini wrote in an opinion column on the Wall Street Journal's website. Bremmer and Roubini wrote that if the stimulus packages are withdrawn too soon, there is a risk of relapsing into deflation, while if left too late, the economy could succumb to... (ABC News -- Wire)
Money-market mutual fund guarantees are withdrawn Oct 4, 2009
The funds typically invest in U.S. Treasury bills, government agencies such as the Federal Home Loan Bank or safer corporate bonds. But they don't offer any guarantees. (The Augusta Chronicle)
GTUC submits proposals on 2010 Budget to Government Oct 3, 2009
The interest rates on the 91-day Treasury bill, for example, increased to nearly 25 percent in 2008 from about 10 ... In the process, the Bank and the Fund have succeeded in converting the Growth with Macroeconomic Stability strategy outlined in the 2009 budget into a comprehensive programme of macroeconomic stabilisation and reform" over a three-year period (July 2009 to June 2012). 3.5 In that stabilisation programme government has agreed with the IMF and the World Bank to achieve an overall... (Ghana Web, Ghana)
Corporate finance: Thawing out Oct 2, 2009
There has even been a surprisingly large number of bonds issued with interest rates of ten percentage points or more above the yield on Treasury bills usually an indicator that a company is in grave difficulties and might default. September s distressed issuers included Beazer Homes USA, which was deeply embroiled in the housing bubble, and Blockbuster, a video-rental firm. (The Economist)
A Fool and His Money Oct 1, 2009
Money markets, Treasury bills and notes are safe investments during deflationary times. 5. (Human Events Online)
America Makes an Economic Comeback Sep 30, 2009
From the purchase of trillions of dollars of treasury bills, to the purchase of Rockefeller Center, to the trillions that will eventually be invested into green energy companies and technology all of this free flow of money has helped to prop-up the greatest economic system among the world's leading nations and with continued G-20 cooperation will remain so for years to come. The copyright of the article America Makes an Economic Comeback in is owned by. (Suite101.com)
Bond Traders Are Doubters, Lemmings or Sissies: Caroline Baum Sep 30, 2009
The nonreaction in short-term Treasury bills and notes is understandable: They take their marching orders from the Federal Reserve. While the Fed upgraded its assessment of economic activity from is leveling out (Aug. (Bloomberg -- Columnists)
Poll: More Approve of Obama on Health Care Sep 25, 2009
You'll be lucky to get two more years out of this economy before the Chinese and Japanese refuse to buy our treasury bills anymore ... I don't want the chinese buying our treasury bills anyway. (CBS News -- Evening News)
* Business Briefs Sep 24, 2009
The government will also sell NT$125 billion of Treasury bills in the period. Remittances increase gradually. (Taipei Times, Taiwan -- Business)
Stock questions? Ask Matt Sep 23, 2009
Investing in a risky upstart company's stock might serve up a huge loss, but when you buy a Treasury bill, note or bond, you have a pretty good idea you'll get your money back. Treasuries are the preferred investment for investors who want to take very little risk. (USA Today -- Money)
Canada's Dollar Falls for Second Day as Stocks, Oil, Precious Metals Drop Sep 22, 2009
83 billion in holdings of money market paper, mostly government treasury bills that matured during the month. Julys climbed 0. (Bloomberg -- Canada)
Bond yields higher on supply concerns Sep 22, 2009
5 billion rupees are to be auction on Tuesday and the central bank will sell 60 billion rupees of treasury bills on Wednesday. Dealers said the rise in yields could be capped by expectations the central bank would not starting tightening policy for some time, and on expectations that accounting rules on hold-to-maturity accounts could be changed for banks, which would support demand for debt. (India Times)
Scourge of commodityinflation returns Sep 18, 2009
Investors pulled their money from hedge, mutual and equity funds, especially when the Primary Reserve Fund broke the buck (that is, money market deposits fell below par value) and sought safety in Treasury bills and deposits at safe banks. A large amount of speculative liquidity was either lost or converted into risk-free treasury bonds and bills. (Asia Times Online)
Hedge Funds' ATM Moves From Tokyo to Washington Sep 18, 2009
Yen borrowers bought everything from Shanghai properties to shares, bars of gold, Zambian treasury bills and derivatives contracts. The odd thing, however, was the lack of credible data. (Bloomberg -- Columnists)
Greek Deficit Will Widen to Twice European Union Limit, Papathanasiou Says Sep 17, 2009
5 billion euros of Treasury bills next month to cover maturing debt, he said. He wouldnt give a target for 2010 debt sales. (Bloomberg -- Europe)
Politics of the financial crisis Sep 17, 2009
Small banks continue to fail, burdening the Federal Deposit Insurance Corporation with having to ask the Treasury for more money, for which the Treasury in turn has to ask the Fed to provide by buying more Treasury bills to add to its balance sheet. That critical observation is the essence of the Congressional Oversight Panel (COP) report in August. (Asia Times Online)
State revenue anticipation notes to yield less Sep 17, 2009
Those notes were issued near the height of the financial crisis, when yields on all short-term debt except Treasury bills were soaring. Since then, yields have come down substantially. (San Francisco Chronicle -- Business)
Strategies for an Overextended Market Sep 17, 2009
The index is intended to reflect the returns that potentially are available through an unleveraged investment in sugar futures contracts, as well as the rate of interest that could be earned on cash collateral invested in specified Treasury Bills ... Money markets, Treasury bills and notes are safe investments during deflationary times. (Human Events Online)
Gordhan warns of higher deficit Sep 16, 2009
"They may have started already. And they can raise about R15bn through treasury bills to take up the short-term slack.". "And they can borrow R10bn to R20bn abroad," he added. (Business Report, South Africa)
The Strongest Guy Doesn't Always Win Sep 15, 2009
China will not invade America to force electronic goods upon us; America will not invade China to make it buy our Treasury bills. In an airport thriller, one can imagine a border dispute between Russia and China developing into a minor shooting war or even a Chinese army invasion of Taiwan. (The American Conservative)
One year after the crash, investors fear risk, but enthusiasm grows Sep 12, 2009
People are more focused on diversification, which includes fixed-income, because the only place that was safe in 2008 was Treasury bills and Treasury bonds. They re more willing to give up this total return approach and depend more on cash flow from their portfolios companies that actually pay dividends, companies that increase their dividends every year and have some portion of their portfolio in fixed income, just in case this rally that we re currently seeing doesn t continue into 2010. (Denver Business Journal, CO)
Bank of Korea keeps key rate at record low Sep 10, 2009
Rate on 6-month Treasury bill hits new record low. Interest rates on six-month Treasury bills hit a record low for the second consecutive week. (Fresno Bee -- Business)
The 2009 Supplementary Budget: Politics And Nothing New Sep 10, 2009
In any case in 2001 the then new NPP government was faced with domestic debt interest payments equivalent to 43 per cent of domestic revenue and total public debt service of almost 100 per cent of domestic revenue and this excluded the cost of rolling over the Treasury Bills. It did indeed face up to the challenge and managed to reduce the debt burden from 173 per cent of GDP to less than 48 per cent in eight years. (Ghana Web, Ghana)
PetroChina's Parent CNPC Receives $30 Billion Loan for Overseas Expansion Sep 9, 2009
China is the worlds largest foreign holder of U.S. treasury bills. The countrys U.S. government debt stood at $776. (Bloomberg -- Asia)
Bond yields ease before auctions Sep 9, 2009
It will auction 90 billion rupees of treasury bills on Wednesday and 110 billion rupees of government bonds on Friday. Read business stories in. (India Times)
UN wants new global currency to replace dollar... Sep 9, 2009
The US would not be able to pay debts back to these countries (essentially we would be bankrupt) which would lead to a slip in the credit rating of Treasury Bills and the US no longer being able to find countries to invest in the dollar because our. therefore our dollar would be worthless and our economy and government would essentially be BANKRUPT.. (The Drudge Report)
New world monetary system inevitable Sep 9, 2009
Holding dollars today represents risk without reward: The returns to U.S. Treasury bills are near zero, and even those most confident in the Federal Reserve must acknowledge the chance that things will not go smoothly. For decades, other nations have held dollars in their central bank reserves, seeking to give confidence to their country and currency. (Atlanta Journal-Constitution -- Opinion)
6-month Treasury bills fall to new low Sep 9, 2009
WASHINGTON - Interest rates on six-month Treasury bills hit a record low for the second consecutive week ... Separately, the Fed said the average yield for one-year Treasury bills, a popular index for making changes in adjustable rate mortgages, fell to 0. (Boston Globe)
Missing Lehman Lesson of Global Shakeout Means Too Big Banks Prone to Fail Sep 8, 2009
In a repo arrangement, a lender sends cash to a borrower in return for collateral, often Treasury bills or notes, which the borrower agrees to repurchase as soon as the next day for the face value of the securities plus interest. When lenders perceived that Lehman might not pay repo loans or be able to post adequate collateral, they required more and higher quality assets from the firm. (Bloomberg -- Germany)
Uganda: Offshore Investors Help Shore-Up Shilling Sep 7, 2009
"In light of another Treasury bill auction coming up in the week, we anticipate a stronger shilling," said a dealer. The central bank has invited bids for a sh70b Treasury bond auction scheduled for September 9. (allAfrica.com)
Bond yields fall on lesser supplies Sep 7, 2009
It will also auction Rs 8,350 crore of state loans on Tuesday and Rs 9,000 crore of treasury bills on Wednesday. Read business stories in. (India Times)
