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Mar 24, 2011

Financial and forex Info | Daily Treasury Long Term Rate Data

U.S. Department of the Treasury

Daily Treasury Long Term Rate Data

Thursday Mar 24, 2011, 4:51 PM
Treasury Long-Term Average Rate and Extrapolation Factors. Beginning February 18, 2002, Treasury ceased publication of the 30-year constant maturity series. Instead, from February 19, 2002 through May 28, 2004, Treasury published a Long-Term Average Rate, "LT>25," (not to be confused with the Long-Term Composite Rate, definitions below). In addition, Treasury published daily linear extrapolation factors that could be added to the Long-Term Average Rate to allow interested parties to compute an estimated 30-year rate. On June 1, 2004, Treasury discontinued the "LT>25" average due to a dearth of eligible bonds. In place of the "LT>25" average, Treasury published the Treasury 20-year Constant Maturity rate on this page along with an extrapolation factor that was added to the 20-year Constant Maturity to obtain an estimate for a theoretical 30-year rate. On February 9, 2006, Treasury reintroduced the 30-year constant maturity and is no longer publishing the extrapolation factor.
The Long-Term Average Rate, "LT>25," was the arithmetic average of the bid yields on all outstanding fixed-coupon securities (i.e., excluding Inflation-Indexed securities) with 25 years or more remaining to maturity. This series first appeared on February 19, 2002, following discontinuation of the 30-year Treasury constant maturity series. Subsequently, the "LT>25" average was discontinued on June 1, 2004.
Linear Extrapolation Factors were determined by considering the slope of the yield curve at it's long end and extrapolating out to a theoretical 30-year point. To use the Extrapolation Factor to determine a 30-year proxy rate, add the factor to the 20-year Constant Maturity Rate. For example, if on a particular day the 20-year Constant Maturity was 5.40% and the Extrapolation Factor was 0.02%, then a 30-year theoretical rate would have been 5.40% + 0.02% = 5.42%. Publishing of the Linear Extrapolation Factors was discontinued on February 9, 2006 with the reintroduction of the 30-year Constant Maturity Rate.
The Long-Term Composite Rate is the unweighted average of bid yields on all outstanding fixed-coupon bonds neither due nor callable in less than 10 years.
For more information regarding these statistics contact the Office of Debt Management by email at

CBS Coverage of Breaking Space News

07:30 PM, 03/24/11 Update: Kelly remains hopeful injured wife can attend shuttle launch

CBS News

Astronaut Mark Kelly told reporters Thursday he believes there is a "pretty good chance" his wife, Rep. Gabrielle Giffords, will be able to attend his launching April 19 aboard the shuttle Endeavour.

While he declined to participate in pre-flight one-on-one media interviews, Kelly opened a crew news conference by providing an update on the Arizona Democrat's condition as she recovers from a gunshot wound to the head.

"As her doctors described in their last press conference March 11, she's doing remarkably well," Kelly said. "She's improving every day and in the realm of brain injuries, that is very significant and pretty rare. She's starting to walk, talk more every day and she's starting to process some of the tragedy that we all went through in January. She's going through that as we speak. Despite that, she remains in a very good mood.

"She spends most of her day in therapy, enjoys brief visits from friends and colleagues, she was really happy to see my (twin brother Scott Kelly) last week after he returned from space. She gets staff briefings from her staff when they're in town on what's going on with her office, in the district and what's going on in Congress."

Giffords was shot in the head Jan. 8 in Tucson. She is undergoing therapy at The Institute for Rehabilitation and Research, part of the Memorial Hermann hospital system in Houston. Kelly said he sees his wife every morning before he leaves for work and when he comes back in the evening after training.

"I've said on a few occasions that I'd like her to attend the launch," he said. "She wants to attend, she's been looking forward to this for a long time. As one of NASA's biggest supporters in Congress, she was really looking forward to having the opportunity to be there.

"I think there's a pretty good chance that's going to happen. We still don't know for sure, and I'm just awaiting final approval from her doctors."

Kelly said he withdrew from round-robin media interviews because he wanted to focus attention on Endeavour's 25th and final mission and not on personal family matters.

He appeared at ease during the crew news conference and gave short but polite answers to the few personal questions that came his way. He said he would be willing to talk about his wife's recovery in more detail at a later date, but added any such interviews would be arranged by Giffords' staff, not NASA.

Asked how difficult it has been to focus on training while coping with his wife's recovery, Kelly said his previous experience -- Endeavour's flight is his fourth mission -- was a clear advantage.

"I think it would have been really challenging if this was my first shuttle flight or if it was even my first flight as commander of the space shuttle," he said. "But (having previous) experience certainly makes it very manageable, to be able to handle what's going on in my personal life and focusing on the mission.

"I've given this mission everything I would have if the events of January did not happen. So I'm very focused, we're very prepared as a crew. ... We're getting pretty close to the end and we're ready to do this, and excited about it."

The primary goals of Endeavour's four-spacewalk mission are to deliver a $2 billion particle physics experiment to the International Space Station, along with critical supplies, equipment and a pallet of spare parts that will be stored on the station's main power truss.

But the objectives of the flight have been overshadowed by the Giffords' shooting and intense public interest in its aftermath.

"It was a shock to the whole crew," Endeavour pilot Gregory H. Johnson told CBS News Thursday. "Gabby was a part of our crew as a spouse and everybody in the immediate families of the crew members, we all knew each other and it had a great impact emotionally, for example, on my 13-year old daughter. ... She was devastated."

The Endeavour astronauts all wore blue "awareness" wristbands with Giffords' nickname imprinted

"The bracelet reminds us of the ordeal the world has been through on this," Johnson said. "I think it's amazing that she survived. ... But I think it's even more miraculous the tenacity and the improvement that she's made in such short periods of time.

"It would be wonderful if she could be well enough to attend the launch, I don't think that's well understood yet, but it would be great. And we're hopeful she'll continue improving over the next couple of years and get her job back."


CBS News Space Updates:

NASA Shuttle Web:

NASA Station Web:

Spaceflight Now:


ABC News Australia | Morning Business news.

Possum blamed for power cut
A possum is being blamed for a power cut that affected 1,500 homes in Melbourne's east.

Company to announce Gold Coast draft water prices
Gold Coast Mayor Ron Clarke says water giant Allconnex has bowed to pressure from the council and community and will release details of draft water pricing this afternoon.

Failed builder faces liquidation prospect
The administrator for the collapsed north Queensland building company Glenwood Homes says it is likely the company will be put into liquidation.

More Australian Stories >

Financial & Forex Info | Reuters Technology Report: Analysis: AT&T mega merger bad sign for spectrum reform

Research In Motion's quarterly net profit jumped 32 percent, boosted by strong global BlackBerry smartphone sales. But a weaker-than-expected outlook as it spent heavily on the launch of its PlayBook tablet next month, sent RIM's shares tumbling after the bell.

Facebook is testing a real-time ad targeting system that relates your user profile to words that you form as you type them, according to AdAge’s Irina Slutsky. For example, "users who update their status with 'Mmm, I could go for some pizza tonight', could get an ad or a coupon from Domino's, Papa John's or Pizza Hut", she writes.

The hungry masses are gobbling up Apple’s iPads mainly because of the approachable touchscreen interface, writes Wired’s Brian X. Chen. Web browsing topped the responses to a casual poll by Wired asking "What do you do with your iPad?", matching the result of a study by NPD Group last year, Chen adds. Reading and social networking followed browsing in the Wired poll. A minority used the iPad for special purposes such as recording music, writing poetry and teaching in class from book notes.

Augmented Reality (AR) maker Total Immersion received $5.5 million in funding, writes VentureBeat's Ciara Byrne. AR is a live view of the real-world that is augmented by a computer-generated view.

Two days after Amazon launched its Appstore for Android-powered smartphones, AT&T said that its working on giving its Android customers access to third party application stores, including Amazon's, writes Engadget’s Chris Ziegler.

Social media consultant Peter Shankman declared an age of mediocrity, "where anyone with a computer, a video camera, and a few thousand dollars for production can be considered the next big thing", in a Mashable guest op-ed and offers the following prescription on how “talentless nobodies” can end up with millions of YouTube viewers: 1. "Content. A catchy autotune, a baby laughing, a cat being tickled. It doesn’t matter." And 2. "Send it out as the latest OMG thing in the world. Get a few views a minute. Let it grow, unchecked, like a fungus."

NYT: Afternoon Business News: Stocks Rise on Corporate Profits and Improving Job Market


Stocks Rise on Corporate Profits and Improving Job Market

Quarterly profit reports and a decline in jobless claims encourage buying.

Expectations Rise for Bailout of Portugal

Lisbon's borrowing costs hit record-high levels and its credit rating was downgraded Thursday after the government collapsed.
High & Low Finance

Eyes Open, WaMu Collapsed Just the Same

The former chief executive of Washington Mutual, who is facing a lawsuit from the F.D.I.C., was aware of the bank's rush to make risky loans.
Prescriptions Blog

With Purchase, Walgreen Diverges From CVS Strategy

The pharmacy chain Walgreen, focusing on retail drugs, expands its online exposure, while its rival CVS Caremark pursues the pharmacy benefit management business.

Jurors Hear Rajaratnam Brothers Discuss Clearwire Deal

A government witness, Rajiv Goel, testified that he tipped Raj Rajaratnam about the new wireless venture.

Financial & Forex Info | The Australian Capital Circle; Mining tax fight rumbles on for Labor

Capital Circle Newsletter
Mining tax fight rumbles on for Labor
After a fractious sitting week, the Senate is considering NBN legislation today.

The PM's diary: Julia Gillard is in Melbourne in her electorate of Lalor today talking to constituents. She is visiting a school in the area at about 1pm and will then open a community centre in the area later in the afternoon.
Tony Abbott is in Melbourne to address the Kooyong K200 breakfast and participate in panel discussion with General Peter Cosgrove and MP Josh Frydenberg.
The fuzz: Police were called to a Canberra nightspot early yesterday after an incident involving a number of federal MPs who had been asked to leave the venue. (report)
Her majesty: the Queen will attend the Commonwealth Heads of Government meeting in Perth in October (report).
Exit: Joe Hockey's high flying wife, Melissa Babbage, has resigned after 14 years at Deutsche Bank, most recently as head of foreign exchange and global finance. We hear Ms Babbage is looking at other opportunities.
I don't do buses: Liberal staffer Adam Wyldeck who spent $906 on a taxi from Wodonga to Melbourne. (kudos: Matt Johnston)
Mystery: Who sent Channel 9 reporter Tracey Vo, who recently returned to Sydney, a dozen red roses yesterday?
Capital Circle loves his job, but Infrastructure Minister Anthony Albanese puts him in the shade. Albo called a press conference for 430am this morning. We think it may have been a typo.
The Senate will sit today to consider two pieces of NBN-related legislation. Annabel Hepworth and Lauren Wilson report the company faces a corporate revolt over 11th-hour amendments critics fear could herald a return to the "dark days" of the Telstra mon

Financial & Forex Info: | Kitco New York Market Close Report

New York Market Close Mar 24/11 05:20 PM EDT

Financial & Forex Info The Australian Business Briefing: BHP okays $US7.4bn Pilbara investment

BHP okays $US7.4bn Pilbara investment
iron ore Razak Musah Baba BHP Billiton said today it approved a $US7.4 billion capital investment to continue production growth at its Pilbara iron ore operations.
Wall St gains on tech earnings, jobs
Wall St UPDATED Kristina Peterson US stocks gained today as investors largely looked past Portugal's crisis to focus on positive technology earnings and US jobs data.
Spain poses big test for euro zone
Euro Javier David and Clare Connaghan WITH Moody's downgrading 30 of Spain's banks, the country could pose the toughest test yet to the integrity of the 17-nation currency bloc.
Stokes warns investors of sunset in West
Kerry Stokes Andrew Burrell SEVEN Network chairman Kerry Stokes has described newspapers as a "sunset industry" that may survive in their present form for only 15 years.
Miners refuse to budge on tax
Don Argus Sarah-Jane Tasker and Scott Murdoch WESTERN Australia's key mining figures remain united in their opposition to Julia Gillard's resources tax.
Future Fund's Telstra stake below 5pc
Telstra Tracy Lee THE Future Fund is expected to persist with its policy of selling down its Telstra stake after its holding finally dipped below 5 per cent yesterday.
Big deal: M&A activity set to soar
Centro signage Michael Bennet ANOTHER bumper year of mergers and acquisitions is in prospect after the strongest start since 2007.
Afghan rallying call for miners
Foreign Minister Kevin Rudd and Afghanistan Mines Minister Wahidulla Shamrani Brendan Nicholson AUSTRALIAN mining companies are being urged to seek a share of massive minerals deposits in Afghanistan.
Financial Markets
Wall St gains on tech earnings, jobs
Wall St UPDATED Kristina Peterson US stocks gained today as investors largely looked past Portugal's crisis to focus on positive technology earnings and US jobs data.
Oil dips as euro debt crisis weighs
Gold eases after striking new record
Financial Markets Coverage
Mining & Energy
Oil dips as euro debt crisis weighs
oil Jerry DiColo OIL settled nearly flat, as traders weighed rising turmoil in the Middle East against renewed concerns about Europe's sovereign debt crisis.
Gold eases after striking new record
BHP okays $US7.4bn Pilbara investment
More Mining & Energy Coverage

The Economist Politics This Week

Politics This Week

World Politics    |    Business & Finance    |    Science & Technology    |    Economics    |    Culture    |    Newsletters
Highlights from The Economist online's Politics this week
» Libya: Where will it end?
» Yemen's president: On his way out
» Syria: Next on the list?
» Egypt: Yes they can
» Gaza and Israel: Not immune
» Japan: A crisis of leadership, too
» Japan: Come back in ten years' time
» Afghanistan: How long?

The Washington Post | Politics Afternoon Edition: House GOP’s patience running out on budget

Thursday, March 24, 2011

 1) House GOP’s patience running out on budget
House Speaker John Boehner believes that if he cuts a funding deal for the remainder of 2011 that does not include any controversial policy riders, GOP freshmen would stage a revolt.
» Read full article

PLUM LINE: Huffington Post yanks Breitbart from front page
The Huffington Post has decided to yank the conservative blogger from its highly-trafficked front page, after vicious comments he made about former White House adviser Van Jones.
» Read full article

THE FIX: Mitt Romney, tea party favorite
A new Pew poll shows the former Massachusetts governor leading the 2012 GOP presidential race among tea party activists.
» Read full article

Bachmann inches toward 2012 bid
Rep. Michele Bachmann (R-Minn.) is likely to form a presidential exploratory committee, an adviser said.
» Read full article

2CHAMBERS: GOP rep. calls Obama’s action on Libya ‘unlawful and unconstitutional’
A two-term Republican House member has penned a letter to President Obama in which he criticizes the administration’s military action in Libya.
» Read full article

MarketWatch: Personal Finance Daily: How will your portfolio do over the next 10 years?

Personal Finance Daily
MARCH 24, 2011

Thursday's Personal Finance Stories

By MarketWatch

Don't miss these top stories:

In his Your Portfolio column today, Robert Powell looks at a study from the Boston College for Retirement Research that says it's likely the stock market will return 6.5% over the coming decade, after inflation. Stock prices are currently near 15 times earnings for the Standard & Poor's 500 index, according to the authors of the study, and these prices offer investors an earnings yield that matches the long-run average real return on equity, or 6.5%. Shareholders will tend to realize this return in coming years, provided corporations can maintain their earnings and stock prices do not drop and remain substantially below 15 times earnings, the study says. Powell writes this is a useful guide for people trying to figure out a rate of return for equities over the next 10 years.

In today's investing lineup, columnist Jeff Reeves observes it's tough to be an international investor these days. But, he says, even the regions we perceive to be dangerous, such as Japan, Libya and the Middle East, may offer some developing investment opportunities.

Special invitation: Investing Insights

MarketWatch will hold the next in its new series of live panel discussions on Tuesday, April 5 in downtown San Francisco. The evening of cocktails and conversation, titled "Investing Insights: Global Investing in a Post-Crisis World," will be hosted by MarketWatch Editor-in-Chief David Callaway. The event is free, but attendance is limited and by invitation only. If you live in the San Francisco Bay Area and would like to attend, or want more information, send me an email.

Anne Stanley , Managing Editor, Personal Finance


Look to recovery to support earnings, stocks

There's a good chance the stock market will return 6.5% over the coming decade, after inflation, according to a new study. It's not as though that's money in the bank, but the findings can serve as a useful reality check for those trying to predict a rate of return for the equity portion of their portfolios over the next 10 years.
Read more: Look to recovery to support earnings, stocks.

Getting kids engaged through social media

Whether through online courses, video, text or other social media, students are getting involved and learning how to succeed in ways not seen before — all by starting with their personal interests.
Read more: Getting kids engaged through social media.

What is a ‘feature phone,' anyway?

We've all heard of smartphones. But what exactly is a "feature phone"? Turns out there's a huge market for these unsexy, qwerty-keyboard cell phones abroad and companies like Facebook are making strategic moves to become a presence on feature phones. Stacey Delo reports.
 Watch the video: What is a feature phone, anyway?


Mortgage rates rise on inflation data: Freddie Mac

Mortgage rates rose this week, influenced partly by inflationary data, Freddie Mac's chief economist says.
Read more: Mortgage rates rise on inflation data.

Weekly U.S. jobless claims fall 5,000

First-time claims for unemployment benefits drop to 382,000, in another sign of a gradually improving job market.
Read more: Weekly U.S. jobless claims fall.

Durable-goods orders drop 0.9% in February

Orders for durable goods made in the U.S. show the biggest drop in fourth months, falling 0.9% in February largely because of lower sales of machinery and defense-related products. The data on orders and shipments of big-ticket items pose further questions about the strength of the economic recovery.
Read more: Durable-goods orders drop 0.9%.


Time for Nasdaq to make its NYSE move

Nasdaq CEO Robert Greifeld is reportedly contemplating a counter offer to acquire the parent of the NYSE. He'd be better off looking at another target, in the view of MarketWatch's David Weidner.
Read more: Time for Nasdaq to make its NYSE move.

Portugal vote highlights another EU debt-plan flaw

Wednesday's vote in the Portuguese parliament highlights a pretty basic flaw as Europe tries to unravel its growing debt crisis, writes Steve Goldstein.
Read more: Portugal vote highlights another EU debt-plan flaw.

Japan recovery trade could trump carry trade

Investors betting on a quick return to the yen-weakening carry trade should realize they could be up against formidable bets the other way in the coming months.
Read more: Japan recovery trade could trump carry trade.

Top performer has no time for Japan jitters

The "Original Uranium Bug," James Dines, makes the case for uranium and rare earths.
Read more: Top performer has no time for Japan jitters.

How to invest in dangerous places

It's hard to be an international investor these days, writes Jeff Reeves.
Read more: How to invest in dangerous places.

Housing: policy makers' great white whale

Just when housing experts thought the industry couldn't get any worse, it did, writes Kathleen Madigan.
Read more: Housing is policy makers' great white whale

Reuters UK | Evening News: Slower growth could hurt UK AAA...


today's headlines

Slower growth could hurt UK AAA rating - Moody's
Japan says must review nuclear power policy as crisis
West strikes deep in Libya, Misrata still besieged
Portugal in crisis, unlikely to seek bailout at summit
Osborne says growth steady, not spectacular
Unite union warns industrial strife ahead
Retail sales fall in February as prices surge
First safety results on French reactors by end-2011
Osborne says European situation "unstable"
World media pay tribute to film's "last goddess"

more details

Slower growth could hurt UK AAA rating - Moody's
24 MAR 2011 12:32 GMT
LONDON (Reuters) - Britain's triple-A sovereign debt rating could be at risk if slower economic growth makes it harder for the government to rein in its budget deficit, ratings agency Moody's said on Thursday.

Full Article
Japan says must review nuclear power policy as crisis
24 MAR 2011 14:53 GMT
TOKYO (Reuters) - Japan will have to review its nuclear power policy, its top government spokesman said on Thursday as radiation from a damaged nuclear complex briefly made Tokyo's tap water unsafe for babies and led to people emptying supermarket shelves of bottled water.

Full Article

West strikes deep in Libya, Misrata still besieged
24 MAR 2011 15:17 GMT
TRIPOLI (Reuters) - Western warplanes hit military targets deep inside Libya on Thursday but failed to prevent tanks reentering the western town of Misrata overnight and besieging its main hospital.

Full Article
Portugal in crisis, unlikely to seek bailout at summit
24 MAR 2011 14:46 GMT
LISBON/BRUSSELS (Reuters) - The resignation of Portugal's prime minister will dominate a summit of EU leaders on the European economy on Thursday and Friday, with pressure intense on Lisbon to seek a bailout package.

Full Article
Osborne says growth steady, not spectacular
24 MAR 2011 08:33 GMT
LONDON (Reuters) - Britain's economic recovery was not spectacular but sustained and steady, Chancellor George Osborne said on Thursday.

Full Article
Unite union warns industrial strife ahead24 MAR 2011 14:29 GMT
LONDON (Reuters) - A mass march in London this weekend organised by trade unions could herald a wave of industrial strife, protests and other direct action, the head of the country's largest union warned on Thursday.

Full Article
Retail sales fall in February as prices surge
24 MAR 2011 13:50 GMT
LONDON (Reuters) - Retail sales fell more than expected in February, reversing half of January's rebound with volumes hit by the biggest jump in prices in 17 years which was only partly due to the rise in VAT, official data showed on Thursday.

Full Article
First safety results on French reactors by end-2011
24 MAR 2011 15:18 GMT
PARIS (Reuters) - France's nuclear safety watchdog ASN will publish the first results of safety tests conducted on France's 58 nuclear reactors by the end of 2011 as part of a European push to boost safety, the ASN head said on Thursday.

Full Article
Osborne says European situation "unstable"
24 MAR 2011 08:01 GMT
LONDON (Reuters) - Chancellor George Osborne said on Thursday that the European situation was unstable because of debts and deficits, but Britain had a credible plan to help keep interest rates down.

Full Article
World media pay tribute to film's "last goddess"
24 MAR 2011 11:36 GMT
LONDON (Reuters) - Elizabeth Taylor was given a glowing send-off on Thursday by the world's media, which hailed her as "Hollywood's last goddess."

Full Article