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Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Welcome to Fairfax Underground, a project site designed to improve communication among residents of Fairfax County, VA. Feel free to post anything Northern Virginia residents would find interesting.
Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem:
()
Date: June 10, 2009 08:31AM
Short and to the point. Another nail in the dollar's coffin. The evidence continues to mount.
Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ78NT5cHDQM
By Alex Nicholson
June 10 (Bloomberg) -- Russia’s central bank may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the bank’s first deputy chairman, Alexei Ulyukayev, said in Moscow today. His comments were confirmed by a bank official who declined to be named, citing bank policy.
Finance Minister Alexei Kudrin said last month that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.
Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=aZ78NT5cHDQM
By Alex Nicholson
June 10 (Bloomberg) -- Russia’s central bank may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the bank’s first deputy chairman, Alexei Ulyukayev, said in Moscow today. His comments were confirmed by a bank official who declined to be named, citing bank policy.
Finance Minister Alexei Kudrin said last month that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
formerhick76
()
Date: June 10, 2009 09:16AM
Is this the same Russia whose foreign reserves have gone down 30% over the past 12 months due to the price of oil?
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem::
()
Date: June 10, 2009 10:16AM
Update 1
By Alex Nicholson and Dakin Campbell
June 10 (Bloomberg) -- Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower.
Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month by Finance Minister Alexei Kudrin. Ulyukayev’s remarks were confirmed by a Bank Rossii official who declined to be named, citing bank policy.
Treasuries fell, pushing 10-year yields toward the highest level in seven months, in response to Ulyukayev’s statement. The dollar fell against the euro on speculation that Russia will reduce its holdings of U.S. debt.
About 30 percent of Russia’s international reserves, which stood at $401.1 billion on May 29, are currently held in Treasuries, Ulyukayev said. Kudrin said on May 26 that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.
The IMF securities would give countries a different way to contribute to the fund and are unlike traditional bonds because they pay an interest rate pegged to the IMF’s basket of currencies, known as Special Drawing Rights.
China is expected to buy as much as $50 billion of the bonds, IMF Managing Director Dominique Strauss-Kahn said yesterday.
The IMF, which has rescued economies from Pakistan to Iceland in the past year, has never issued bonds before and is seeking more cash to finance loans and aid to member countries during the worst economic slump in the fund’s 64-year history.
By Alex Nicholson and Dakin Campbell
June 10 (Bloomberg) -- Russia may switch some of its reserves from U.S. Treasuries to International Monetary Fund bonds, the central bank said today. The comment drove Treasuries and the dollar lower.
Alexei Ulyukayev, first deputy chairman of Russia’s central bank, said some reserves may be moved from Treasuries into IMF debt, reiterating comments made last month by Finance Minister Alexei Kudrin. Ulyukayev’s remarks were confirmed by a Bank Rossii official who declined to be named, citing bank policy.
Treasuries fell, pushing 10-year yields toward the highest level in seven months, in response to Ulyukayev’s statement. The dollar fell against the euro on speculation that Russia will reduce its holdings of U.S. debt.
About 30 percent of Russia’s international reserves, which stood at $401.1 billion on May 29, are currently held in Treasuries, Ulyukayev said. Kudrin said on May 26 that Russia planned to buy $10 billion of IMF bonds using money from its foreign reserves.
The IMF securities would give countries a different way to contribute to the fund and are unlike traditional bonds because they pay an interest rate pegged to the IMF’s basket of currencies, known as Special Drawing Rights.
China is expected to buy as much as $50 billion of the bonds, IMF Managing Director Dominique Strauss-Kahn said yesterday.
The IMF, which has rescued economies from Pakistan to Iceland in the past year, has never issued bonds before and is seeking more cash to finance loans and aid to member countries during the worst economic slump in the fund’s 64-year history.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
§
()
Date: June 10, 2009 10:20AM
.
Attachments:
Attachments:
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem::
()
Date: June 10, 2009 10:33AM
§ Wrote:
-------------------------------------------------------
> .
I beg to differ. You seem to care as evidenced by your need to pounce on all my posts with meaningless pictures. I wouldn’t expect you to have the wherewithal to engage in any serious exchange in such topics which are completely over your head… but if you have nothing to contribute please refrain from posting anything in the future. Thank you.
BTW- The Russians, Chinese, Indians, Brazilians, and our Govt leaders care… just to name a few.
-------------------------------------------------------
> .
I beg to differ. You seem to care as evidenced by your need to pounce on all my posts with meaningless pictures. I wouldn’t expect you to have the wherewithal to engage in any serious exchange in such topics which are completely over your head… but if you have nothing to contribute please refrain from posting anything in the future. Thank you.
BTW- The Russians, Chinese, Indians, Brazilians, and our Govt leaders care… just to name a few.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
§
()
Date: June 10, 2009 10:47AM
But on this site, your cut-and-paste has little effect on the masses.
Seriously. We know how to hit the news sites when we're feeling like we're news-deficient. No need to dump the entire fucking internet on us.
Next time, just post www.cnn.com or www.fox.com or www.bloomberg.com.
See, that was easy.
.
Attachments:
Seriously. We know how to hit the news sites when we're feeling like we're news-deficient. No need to dump the entire fucking internet on us.
Next time, just post www.cnn.com or www.fox.com or www.bloomberg.com.
See, that was easy.
.
Attachments:
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
formerhick76
()
Date: June 10, 2009 10:48AM
Govt is the problem: I wonder if your caring about this issue only began on January 20. You may claim to be a libertarian, but I heard NOTHING from so-called libertarians about civil rights or economic mess until Obama was elected.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 10:59AM
formerhick76 Wrote:
-------------------------------------------------------
> Govt is the problem: I wonder if your caring about
> this issue only began on January 20.
No, it goes back much longer than that. This is not about Obama.
You may claim
> to be a libertarian,
No, I don't claim to be confined by any association
but I heard NOTHING from
> so-called libertarians about civil rights or
> economic mess until Obama was elected.
I'm sorry about that. I believe we will be hearing more and more going forward.
-------------------------------------------------------
> Govt is the problem: I wonder if your caring about
> this issue only began on January 20.
No, it goes back much longer than that. This is not about Obama.
You may claim
> to be a libertarian,
No, I don't claim to be confined by any association
but I heard NOTHING from
> so-called libertarians about civil rights or
> economic mess until Obama was elected.
I'm sorry about that. I believe we will be hearing more and more going forward.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 11:10AM
§ Wrote:
-------------------------------------------------------
> But on this site, your cut-and-paste has little
> effect on the masses.
>
> Seriously. We know how to hit the news sites when
> we're feeling like we're news-deficient. No need
> to dump the entire fucking internet on us.
>
> Next time, just post www.cnn.com or www.fox.com or
> www.bloomberg.com.
>
> See, that was easy.
>
> .
Very well, as you wish. This link is for you:
http://finance.yahoo.com/education
It is the yahoo finance education center. Please use it.
-------------------------------------------------------
> But on this site, your cut-and-paste has little
> effect on the masses.
>
> Seriously. We know how to hit the news sites when
> we're feeling like we're news-deficient. No need
> to dump the entire fucking internet on us.
>
> Next time, just post www.cnn.com or www.fox.com or
> www.bloomberg.com.
>
> See, that was easy.
>
> .
Very well, as you wish. This link is for you:
http://finance.yahoo.com/education
It is the yahoo finance education center. Please use it.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem'
()
Date: June 10, 2009 12:55PM
From Update 6
President Dmitry Medvedev questioned the U.S. dollar’s future as a global reserve currency last week and said that using a mix of regional currencies would make the world economy more stable. He renewed his call for consideration of a supranational currency to challenge the dollar.
President Dmitry Medvedev questioned the U.S. dollar’s future as a global reserve currency last week and said that using a mix of regional currencies would make the world economy more stable. He renewed his call for consideration of a supranational currency to challenge the dollar.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem`
()
Date: June 10, 2009 01:56PM
From Update 7
I proport to be some sort of an economic expert, however I believe people really know that I sit around on my fat ass for most of the day until the mail comes. My real life experiences and interpersonal relationships never really materialized, so this is my way of showing the world that I matter.
I proport to be some sort of an economic expert, however I believe people really know that I sit around on my fat ass for most of the day until the mail comes. My real life experiences and interpersonal relationships never really materialized, so this is my way of showing the world that I matter.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem://,,//
()
Date: June 10, 2009 01:58PM
Why are you all so mean? This message board is the only social outlet I know!
And who keeps registering my names?
And who keeps registering my names?
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Govt is the Problem'''
()
Date: June 10, 2009 02:05PM
http://finance.yahoo.com/news/Stocks-fall-after-weak-apf-15491093.html?sec=topStories&pos=main&asset=&ccode=
Stocks fall after weak auction of 10-year notes
Stocks fall as weak 10-year note auction raises worries about inflation, interest rates
Madlen Read, AP Business Writer
On Wednesday June 10, 2009, 1:19 pm EDT
Buzz up! Print NEW YORK (AP) -- A weak auction of Treasury notes is putting the pressure on both stocks and bonds.
The Dow Jones industrial average fell about 65 points Wednesday after the government sold $19 billion in 10-year Treasury notes. The government had to lure buyers with a higher yield than the market anticipated.
The 10-year note's yield, which is closely tied to interest rates on mortgages and other consumer loans, jumped to 3.99 percent, a new high for the year.
Investors are concerned the government's debt load will become untenable, leading to higher inflation and soaring interest rates. Rising rates could hamper the economy's recovery.
By early afternoon, the Dow fell 64.17, or 0.7 percent, to 8,698.89. The Standard & Poor's 500 index fell 8.42, or 0.9 percent, at 934.01. The Nasdaq composite index fell 20.86, or 1.1 percent, to 1,839.27.
The major stock indexes had been modestly lower ahead of the auction after oil touched a new high for 2009 above $71 a barrel.
Higher commodity prices have been boosting energy and materials stocks, and raising hopes that economic activity is improving. But they have also been raising worries about inflation, which could potentially crimp consumer demand.
Trading was also cautious ahead of the Federal Reserve's report on regional economies around the country. The data is scheduled for release at 2 p.m. Eastern time.
The Dow has been waffling around 8,700 this month, just below where it started the year, after its massive three-month-long rebound from 12-year lows reached in early March.
It's a good sign the market has been largely holding up after its rally, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. But "we're going to need to have more positive news on the economic front to make another push higher."
Stocks fall after weak auction of 10-year notes
Stocks fall as weak 10-year note auction raises worries about inflation, interest rates
Madlen Read, AP Business Writer
On Wednesday June 10, 2009, 1:19 pm EDT
Buzz up! Print NEW YORK (AP) -- A weak auction of Treasury notes is putting the pressure on both stocks and bonds.
The Dow Jones industrial average fell about 65 points Wednesday after the government sold $19 billion in 10-year Treasury notes. The government had to lure buyers with a higher yield than the market anticipated.
The 10-year note's yield, which is closely tied to interest rates on mortgages and other consumer loans, jumped to 3.99 percent, a new high for the year.
Investors are concerned the government's debt load will become untenable, leading to higher inflation and soaring interest rates. Rising rates could hamper the economy's recovery.
By early afternoon, the Dow fell 64.17, or 0.7 percent, to 8,698.89. The Standard & Poor's 500 index fell 8.42, or 0.9 percent, at 934.01. The Nasdaq composite index fell 20.86, or 1.1 percent, to 1,839.27.
The major stock indexes had been modestly lower ahead of the auction after oil touched a new high for 2009 above $71 a barrel.
Higher commodity prices have been boosting energy and materials stocks, and raising hopes that economic activity is improving. But they have also been raising worries about inflation, which could potentially crimp consumer demand.
Trading was also cautious ahead of the Federal Reserve's report on regional economies around the country. The data is scheduled for release at 2 p.m. Eastern time.
The Dow has been waffling around 8,700 this month, just below where it started the year, after its massive three-month-long rebound from 12-year lows reached in early March.
It's a good sign the market has been largely holding up after its rally, said Ryan Detrick, senior technical strategist at Schaeffer's Investment Research. But "we're going to need to have more positive news on the economic front to make another push higher."
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
britdrnva
()
Date: June 10, 2009 02:06PM
I bet Cuba and Venezuela are also looking at diversifying their dollar holdings.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Whining is the Problem`
()
Date: June 10, 2009 02:13PM
Does anyone have more Kleenex for this 'Govt is a Problem' guy?
He went through an entire box since noon.
----------------------------
Attachments:
He went through an entire box since noon.
----------------------------
Attachments:
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
formerhick76
()
Date: June 10, 2009 02:46PM
Shouldn't Medvedev be more concerned about his country's projected 10% drop in GDP?
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
retreat
()
Date: June 10, 2009 02:54PM
Weren't you and/or your cronies complaining about the Stock Market as another sign of our economic woes some months ago? How's that indicator working out for you? Even Krugman, who is no friend to this administration says we're coming out of the recession towards the end of the summer?
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
MrMephisto
()
Date: June 10, 2009 03:10PM
THIS JUST IN: Things In The World Not Working The Way People Want It To. Nobody Who Has Been Awake For The Past Ten Years Is Surprised.
Film at 11.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
Edited 1 time(s). Last edit at 06/10/2009 03:10PM by MrMephisto.
Film at 11.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
Edited 1 time(s). Last edit at 06/10/2009 03:10PM by MrMephisto.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Vince(1)
()
Date: June 10, 2009 05:10PM
Where can I turn in my dollars for IMF debt?
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Dwight.
()
Date: June 10, 2009 05:31PM
Hey this sounds like a perquisite for the AMARO! scary...
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
MrMephisto
()
Date: June 10, 2009 05:32PM
Vince(1) Wrote:
-------------------------------------------------------
> Where can I turn in my dollars for IMF debt?
Mexico. For cheapest airfare, try a one-way ticket from cheaptickets.com. Let me know if you need any help setting this up.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
-------------------------------------------------------
> Where can I turn in my dollars for IMF debt?
Mexico. For cheapest airfare, try a one-way ticket from cheaptickets.com. Let me know if you need any help setting this up.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Vince(1)
()
Date: June 11, 2009 07:38PM
MrMephisto Wrote:
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > Where can I turn in my dollars for IMF debt?
>
> Mexico. For cheapest airfare, try a one-way
> ticket from cheaptickets.com. Let me know if you
> need any help setting this up.
Stalking me MrMcPissedOn? Want a piece of me? Are you being controlled by Grufis?
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
-------------------------------------------------------
> Vince(1) Wrote:
> --------------------------------------------------
> -----
> > Where can I turn in my dollars for IMF debt?
>
> Mexico. For cheapest airfare, try a one-way
> ticket from cheaptickets.com. Let me know if you
> need any help setting this up.
Stalking me MrMcPissedOn? Want a piece of me? Are you being controlled by Grufis?
Registered Voter...a Big talking coward..big man on FFXU...little man in life.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Registered Voter
()
Date: June 12, 2009 03:55PM
To MM:
I guess your "Questions to the Devil" thread got buried somewhere in the mists of post-election happiness of the usual troll-bodies here. So I post this here instead since it is appropriate:
If Vince sold you his soul, what would be the reward he could expect? :)
I guess your "Questions to the Devil" thread got buried somewhere in the mists of post-election happiness of the usual troll-bodies here. So I post this here instead since it is appropriate:
If Vince sold you his soul, what would be the reward he could expect? :)
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
MrMephisto
()
Date: June 12, 2009 04:21PM
Registered Voter Wrote:
-------------------------------------------------------
> To MM:
>
> I guess your "Questions to the Devil" thread got
> buried somewhere in the mists of post-election
> happiness of the usual troll-bodies here. So I
> post this here instead since it is appropriate:
>
> If Vince sold you his soul, what would be the
> reward he could expect? :)
He would be elected President of the United States of America.
I dislike people in general more than I dislike Vince.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
-------------------------------------------------------
> To MM:
>
> I guess your "Questions to the Devil" thread got
> buried somewhere in the mists of post-election
> happiness of the usual troll-bodies here. So I
> post this here instead since it is appropriate:
>
> If Vince sold you his soul, what would be the
> reward he could expect? :)
He would be elected President of the United States of America.
I dislike people in general more than I dislike Vince.
--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Registered Voter
()
Date: June 12, 2009 04:53PM
That is cruel.. to us...
On the other hand, he probably couldn't do much worse.
If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University
On the other hand, he probably couldn't do much worse.
If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
Britdrnva~
()
Date: June 15, 2009 01:28PM
Well according to the AP from the BRIC summit - "While this has raised fears that the greenback could be further weakened, analysts say BRIC nations can offer no viable alternative to the dollar."
As much as Brazil/Russia/India/China would like to diversify out or sell-off their dollar holdings as yet there is no feasible alternative.
As much as Brazil/Russia/India/China would like to diversify out or sell-off their dollar holdings as yet there is no feasible alternative.
Re: Russia May Swap U.S. Treasuries for IMF Debt, Central Bank Says
Posted by:
LOLcat
()
Date: June 18, 2009 08:50PM
.
Attachments:
Attachments: