Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
U.S. Economy Grew at Sluggish 1.7% Pace in Q2
The U.S. economy grew from April through June at an annual rate of 1.7% — a sluggish pace but stronger than in the previous quarter. Government cutbacks have weighed heavily on the economy the past 12 months.
Fed Balance Sheet to Reach $4 Trillion With Next Announcement
The Federal Reserve will “amplify record accommodation” by announcing $45 billion in monthly Treasury buying on Wednesday.