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Mar 2, 2011

Financial And Forex Info News. Daily Treasury Yield Curve Rates

Daily Treasury Yield Curve Rates

Date1 mo3 mo6 mo1 yr2 yr3 yr5 yr7 yr10 yr20 yr30 yr
Wednesday Mar 2, 2011, 5:00 PM
* 30-year Treasury constant maturity series was discontinued on February 18, 2002 and reintroduced on February 9, 2006. From February 18, 2002 to February 8, 2006, Treasury published alternatives to a 30-year rate. See Long-Term Average Rate for more information.
Treasury discontinued the 20-year constant maturity series at the end of calendar year 1986 and reinstated that series on October 1, 1993. As a result, there are no 20-year rates available for the time period January 1, 1987 through September 30, 1993.
Treasury Yield Curve Rates. These rates are commonly referred to as "Constant Maturity Treasury" rates, or CMTs. Yields are interpolated by the Treasury from the daily yield curve. This curve, which relates the yield on a security to its time to maturity is based on the closing market bid yields on actively traded Treasury securities in the over-the-counter market. These market yields are calculated from composites of quotations obtained by the Federal Reserve Bank of New York. The yield values are read from the yield curve at fixed maturities, currently 1, 3 and 6 months and 1, 2, 3, 5, 7, 10, 20, and 30 years. This method provides a yield for a 10 year maturity, for example, even if no outstanding security has exactly 10 years remaining to maturity.
Treasury Yield Curve Methodology. The Treasury yield curve is estimated daily using a cubic spline model. Inputs to the model are primarily bid-side yields for on-the-run Treasury securities. See our Treasury Yield Curve Methodology page for details.
Negative Yields and Nominal Constant Maturity Treasury Series Rates (CMTs). Current financial market conditions, in conjunction with extraordinary low levels of interest rates, have resulted in negative yields for some Treasury securities trading in the secondary market. Negative yields for Treasury securities most often reflect highly technical factors in Treasury markets related to the cash and repurchase agreement markets, and are at times unrelated to the time value of money.
As such, Treasury will restrict the use of negative input yields for securities used in deriving interest rates for the Treasury nominal Constant Maturity Treasury series (CMTs). Any CMT input points with negative yields will be reset to zero percent prior to use as inputs in the CMT derivation. This decision is consistent with Treasury not accepting negative yields in Treasury nominal security auctions.
In addition, given that CMTs are used in many statutorily and regulatory determined loan and credit programs as well as for setting interest rates on non-marketable government securities, establishing a floor of zero more accurately reflects borrowing costs related to various programs.
For more information regarding these statistics contact the Office of Debt Management by email at
For other Public Debt information contact (202) 504-3550

Financial And Forex Info: From Forbes - Media: NY Times vs. Bloomberg News: .



NY Times vs. Bloomberg News: It’s War!

Mar. 2 2011 - 5:43 pm | 0 views | 0 recommendations | 0 comments
The New York Times Tower by Renzo Piano
Image via Wikipedia
The stated goal of Bloomberg News is to be “the world’s most influential news organization.” That’s unsettling to The New York Times, which currently holds that distinction, or at least likes to think of itself that way. And it’s even more unsettling when Bloomberg starts muscling onto the Times’s turf and poaching its people.
You already know that Bloomberg hired David Shipley, the paper’s deputy editorial page editor, to head up its launch of a new opinion service, Bloomberg View. That was enough of a blow to the Times, where Shipley is held in high esteem for his ability to coax op-ed contributions from prominent and diverse personages. But the hurt got worse when Shipley turned around and hired two of his deputies, Mary Duenwald and Toby Harshaw, to come with him. (I’ve left messages for Duenwald and Harshaw and emailed a Bloomberg spokesperson to confirm the hirings but haven’t heard back yet.) “To take two people who know how to do what he does — it’s devastating,” says a Times source.
Bloomberg’s unforeseen aggression — no one at the Times had heard about Bloomberg View until Shipley tendered his resignation — has spooked the Times into action. According to the source, the “reinvention” of the “Week in Review” section announced last month was conceived in response to the perceived threat from Bloomberg. Shipley’s successor at the op-ed page, Trish Hall, is spearheading that overhaul. She’s said to be “a genius” at re-launching sections, and was the creator of the Sunday “Escapes” section.
Will the Times’s anxiety prove justified when Bloomberg View makes its debut? Kelly McBride of the Poynter Institute, one of the journalism professors I spoke to yesterday about Mike Bloomberg’s conflict-laden dual role as mayor and media mogul, doubts it will. “There’s so much opinion out there already,” she says. “My instinct is to say this is going to be just more noise.”
On the other hand, adds McBride, “The thing about Bloomberg News is they tend to do things right.”

Financial And Forex Info | Kitco New York Market Close Report


New York Market Close Mar 02/11 05:21 PM EST

NYT: Afternoon Business News: Another Day of Uncertainty Pushes Oil Higher


Jobs Takes the Stage to Pitch Apple's New iPad

Apple's chief executive interrupts a medical leave to introduce the much-anticipated new iPad, a thinner, faster and lighter version of its tablet.

Another Day of Uncertainty Pushes Oil Higher

Oil prices climbed on fears of further supply disruptions from the Middle East and North Africa.

Fed Notes 'Modest to Moderate' Growth

Retail sales and manufacturing grew in most regions, the report said, while the labor markets improved modestly.
Prescriptions Blog

F.D.A. Orders Prescription Cold Drugs Pulled From Market

The Food and Drug Administration took the action because many of the medicines have not been approved or tested.

Galliano to Face Trial Over Anti-Semitic Remarks

John Galliano, who was fired on Tuesday as chief designer for Christian Dior, will be put on trial for the alleged offenses, Paris prosecutors said.

Financial And Forex Info Reuters Dayly Investor Update: Wall Street edges up as economy trumps oil



Wall Street edges up as economy trumps oil
NEW YORK (Reuters) - U.S. stocks eked out gains on Wednesday despite another rise in oil prices as investors bet the latest data signaled the economy could absorb expected higher energy costs. | Full Article

Bernanke sees 200,000 hit to jobs from budget cuts
March 02, 2011 02:25 PM ET
WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday a Republican spending cut plan would not cause a big dent to U.S. economic growth, but could cost around 200,000 jobs over two years. | Full Article
Apple's Jobs puts on lively iPad 2 show
March 02, 2011 04:02 PM ET
SAN FRANCISCO (Reuters) - A thin but energetic Steve Jobs made a surprise return to the spotlight on Wednesday, taking the stage to unveil Apple Inc's new iPad and drawing a standing ovation. | Full Article
Buffett sees uneven recovery, craves big deals
March 02, 2011 09:46 AM ET
NEW YORK (Reuters) - Billionaire Warren Buffett said the U.S. economy is "coming back" and does not need more stimulus, despite an uneven recovery that mirrors the fortunes of businesses at his company, Berkshire Hathaway Inc. | Full Article
Economy gained strength as 2011 began: Fed
March 02, 2011 02:15 PM ET
WASHINGTON (Reuters) - Economic activity kept slowly gaining strength as 2011 opened and manufacturers and retailers were having some success in pushing their prices up, the Federal Reserve said on Wednesday. | Full Article
Gunman kills two U.S. airmen at Frankfurt airport
March 02, 2011 04:23 PM ET
FRANKFURT (Reuters) - German police arrested a man on Wednesday after two U.S. airmen were shot dead and two wounded in an incident on a U.S. Army bus at Frankfurt airport, authorities said. | Full Article
Gaddafi strikes at town, rebels eye foreign help
March 02, 2011 04:12 PM ET
BREGA, Libya (Reuters) - Muammar Gaddafi launched a land and air offensive to retake territory in Libya's east at dawn on Wednesday, sparking a rebel call for foreign air strikes on African mercenaries they said were helping him stay in power. | Full Article
Congress averts shutdown, sends stopgap to Obama
March 02, 2011 02:19 PM ET
WASHINGTON (Reuters) - The Congress on Wednesday sent President Barack Obama a stopgap spending bill that averts an imminent government shutdown but does nothing to resolve a bitter debate over the federal budget. | Full Article
Supreme Court allows military funeral anti-gay protests
March 02, 2011 01:16 PM ET
WASHINGTON (Reuters) - The Supreme Court ruled on Wednesday that members of a fundamentalist church have a free-speech right to hold anti-gay protests at military funerals to promote their view that God hates America for tolerating homosexuality. | Full Article
Ohio panel votes to end union right to strike
March 02, 2011 03:18 PM ET
COLUMBUS, Ohio (Reuters) - An Ohio state Senate panel voted on Wednesday to strip public sector unions of some collective bargaining rights and end their right to strike, in the latest swipe at the power of unions by a state. | Full Article

Financial And Forex Info | The Australian Business News: Jobs unveils thinner, faster iPad 2

Jobs unveils thinner, faster iPad 2
IPad 2 thinner UPDATED Ian Sherr STEVE Jobs surprised a crowd of fans today by unveiling the new iPad, which is thinner, lighter, faster and has video cameras.
Packer stake in Ten may be next to go
James Packer Lara Sinclair SPECULATION that James Packer might quit his $125 million stake in the Ten Network mounted last night after his dramatic resignation from the board.
Wall St edges up as oil caps gains
Wall St UPDATED Jonathan Cheng US stocks edged up today, recouping some of the previous session's sharp sell-off, as oil rose above $US100 and gold hit a new record high.
Oil above $US100 on Libya fighting
oil traders Dan Strumpf US oil futures settled above $US100 a barrel for the first time in more than two years today, lifted by fresh fighting in Libya.
All-stars eclipse strugglers
magnifying glass Tim Boreham LIKE a well-rehearsed Broadway performance, this year's interim reporting season went to script.
US economy grows modestly: Fed survey
US manufacturing Jeff Bater and Tom Barkley THE US economy grew modestly in early 2011 and the weak jobs market improved, as businesses reported rising costs, the Federal Reserve said.
China tycoon plans retail revolution
aus bus pix Zong Quinghou Leo Lewis ZONG Qinghou, China's richest man, has stunned the country's retail industry with plans to open 100 department stores.
Lowy steps down, but revs up Westfield
Lowy steps Jennifer Hewett FRANK Lowy may be stepping down as executive chairman but his shopping centre empire is simultaneously stepping up its plans for expansion.
Financial Markets
Wall St edges up as oil caps gains
Wall St UPDATED Jonathan Cheng US stocks edged up today, recouping some of the previous session's sharp sell-off, as oil rose above $US100 and gold hit a new record high.
Oil above $US100 on Libya fighting
Gold shines to new record high
Financial Markets Coverage

Financial And Forex Info: The Australian Capital Circle: Backbench revolt pressures PM.

Capital Circle Newsletter

Backbench revolt pressures PM
Julia Gillard is backing away from suporting Greens legislation that caused a backbench revolt.

The PM's day, per the press office: Julia Gillard is starting her day with an announcement at the Australian War Memorial at 8am. She will hold a joint press conference with visiting Malaysian Prime Minster Datuk Seri Mohd Najib Tun Abdul Razak around noon, and and then attend question time.
Tony Abbott is on air across regional Australian again today, highlighting the impact of the PM's plan to price carbon. Mr Abbott will attend question time later in the day.
Regional Australia Minister Simon Crean delivered a speech at the Canberra Convention Centre this morning announcing details of a $1.4 billion Regional Development Australia Fund. A quarter of the fund has been set aside for disaster relief in regional communities. (report)
Moving on: After six and a half years in the top job at Catholic Social Services, Frank Quinlan has resigned and is taking over in the top job at the Mental Health Council of Australia. A familiar face on the Hill, his successor has big shoes to fill.
***Sign up to Capital Circle -- news from the beltway to your inbox***
Top of the agenda in the Australian is a report that Julia Gillard has agreed to consider overturning the government's support for an Australian Greens' plan that would open the way for the nation's first same-sex marriage laws after an angry revolt by Labor MPs. (more from Dennis Shanahan and Matthew Franklin)
The Daily Telegraph takes up the story, reporting that a trio of backbenchers, led by a so-called "Godfather" of the Labor Right, Senator Don Farrell, voiced their fears over the Greens' hold on the Gillard Government. (more from Simon Benson and Steve Lewis)
Just the facts: Greens leader Bob Brown yes

The Washington Post Afternoon Edition | Most Read Opinion Columns: (1) Obama's 'Where's Waldo?' presidency

Washington Post

1) Obama's 'Where's Waldo?' presidency

Barack Obama is often strangely absent from the most important debates.

2) Issa press aide scandal is like bad reality TV

Journalists look bad in a kerfuffle about reporters' dealings with Rep. Darrell Issa.

3) GOP's anti-immigrant stance could turn Texas into a blue state

Texas's rising Latino population and GOP nativism could turn the state Democratic.

4) Dana Milbank: How I survived my Palin-free February

I admit there were doubts in those early days about whether I could make it through all of February without invoking her name. The tremors and sweats were manageable. But I couldn't overcome an abiding terror:

5) U.S., Pakistan could use a Muslim ritual to resolve Raymond Davis case

Could an ancient Muslim practice resolve the case of an arrested CIA contractor?

6) My life as a communist

I never realized I was a communist -- until Glenn Beck made me see the truth.

7) High court tries to crack cocaine case

The Supreme Court deliberates over cocaine -- and takes a mind-blowing hit.

8) Can the Arab world leave anti-Semitism behind?

As Arab nations rise up against tyranny, it's time they rejected anti-Semitism.

9) The GOP wants Obama out, but offers no good replacements

The GOP wants Obama out, but its potential 2012 candidates are uninspiring.

10) How teacher development could revolutionize our schools

How we can spend less on education and still boost student achievement.