Jean-Claude Trichet

Rates Up Third Day. Outlook Before Jobs Report.

Stocks are up (Dow +62, S&P +9) and bonds are down (FNMA 3.5% coupon -20 basis points, 10yr yield 1.96) today as jobless claims were lower a second week and European Central Bank President Jean Claude Trichet offered new support for the debt crisis in Europe: the ECB will buy covered bonds and extend bank

Fundamentals 6/9: Jobless Claims Up, ECB Rate Hike?

Initial Jobless Claims – 427,000 for week ended June 4, up 1,000 from previous week. – 4-week moving average 424,000, down 2,750 from the previous week. – These data indicate a continually weak jobs market. European Central Bank President Jean Claude Trichet indicated that the ECB would raise rates next month to contain inflation. April

Is economy starting to gain more jobs than it’s losing?

Today brought better jobs data in the U.S., a rate hike in Europe, another earthquake in Japan, and lots more budget bluster in Washington. The end result was a roughly even day for stocks (S&P -2.03 to close 1333.51) and bonds/rates (10yr note unchanged, FNMA 30yr 4% coupon +12 bps). The European Central Bank hiked

Rates Up On China Inflation Threats, Better U.S. Jobs Outlook

Stocks are rallying and bonds are selling off on three events today that signal improving economic conditions and inflation pressure. Rates rise when bond prices drop in a selloff. Stocks are way up (Dow +228) and bonds are way down (3.5% 30yr FNMA -72 basis points) on better than expected jobs growth numbers from payroll

Rates Up On China Inflation Threats, Better U.S. Jobs Outlook

Stocks are rallying and bonds are selling off on three events today that signal improving economic conditions and inflation pressure. Rates rise when bond prices drop in a selloff. Stocks are way up (Dow +228) and bonds are way down (3.5% 30yr FNMA -72 basis points) on better than expected jobs growth numbers from payroll

Ben Bernanke On Policy Coordination Among Central Banks

Below is the full text of a speech US Federal Reserve chairman Ben Bernanke gave to at the Fifth European Central Bank Conference. Ben S. Bernanke At the Fifth European Central Bank Central Banking Conference, The Euro at Ten: Lessons and Challenges, Frankfurt, Germany Policy Coordination Among Central Banks I am pleased to be here

ECB Rate Cuts Accelerating Just 3 Months After Hikes

Just 3 months ago in July, European Central Bank president hiked the Eurozone bank-to-bank rate to 4.25%, saying that inflation was causing fundamental changes in their economy. Now they’ve announced their second .5% cut in a month, proving that central bankers sometimes don’t even know what’s going on in these volatile times. They’ve long had

ECB Hikes Rates .25%, Says Inflation Causing Fundamental Changes

In an effort to fight inflation, the European Central Bank hiked their benchmark rates for the 15-country Euro zone by .25% today as expected, but implied that this is not the beginning of a campaign: “On the basis of our current assessment, the monetary policy stance following today’s decision will contribute to achieving our objective.”