Philip Chua Business Blog

Posts Tagged ‘record’

The government said Tuesday that foreign demand for U.S. Treasury securities fell by the largest amount on record in December with China reducing its holdings by $34.2 billion.







China – United States Treasury security – People’s Republic of China – Asia – United States

LAYOFFS in the first nine months of last year indicate the annual total is set to be much lower than the record 29,000 reported during the Asian financial crisis, said Manpower Minister Gan Kim Yong yesterday.
Official records show 18,180 workers were retrenched in the first three quarters of last year.
The annual total will be known by Friday when the Manpower Ministry is scheduled to release the… more

Ten months into the government’s third program to stop a record wave of foreclosures, the latest effort is falling far short of its goal. By John W. Schoen

Foreclosure – Government – Health – Conditions and Diseases – United States

Consumers and businesses filed for bankruptcy at a pace that made 2009 the seventh-worst year on record, with more than 1.4 million petitions submitted, an Associated Press tally showed Monday.









Bankruptcy – Associated Press – Law – United States – Services

Pay attention to the bond market. The ten year Treasury closed at 3.80% on Friday. It has risen 0.65% since November 27th. The yield curve difference between the two and ten year Treasury notes is the steepest on record. Thirty year fixed mortgages were 5.28% on Friday, up 0.32% in…

The Federal Reserve’s open market committee (FOMC) is expected to follow the recent decisions by the ECB, BoJ and BoE and keep interest rates pegged at a record low of 0-0.25% on Wednesday. However, in the accompanying press statement, financial markets will also be looking for confirmation that the FOMC…

Focused on keeping the recovery going and driving down double-digit unemployment, the Federal Reserve is poised to leave interest rates at a record low.

BenBernanke – Federal Reserve System – Interest rate – FederalReserve – Chairman

Rallying, with record volume on EBS, a lot more than we had allowed for after touching a multi-year low at 84.82, so that this now looks like an ‘extension’ and ’spike low’. This suggests that the ‘channel’ will hold for many months to come, though keeping the downside bias thanks…

Our patience has paid off and we got the test of the key 85.00 level (low 84.82). Readers with memories shorter than ours should note that under 85.00 the yen spiked to a record low of 79.75 over a three month period only, and after that never traded close to…

Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record lows.

Ben Bernanke – Federal Reserve System – Central bank – Chairman of the Federal Reserve – Government