The 30-year T-bond (charted below) rose to 3.00% from 2.get free credit Ohio 90% on Friday and 2.80% get free credit Ohio on Thursday. Long-term Treasury yields plunged get free credit Ohio Wednesday and Thursday after the Federal Reserve said it would shift its massive bond holdings more toward longer-term securities, hoping to pull interest rates on those issues down further to help the economy.
The Fed also gave investors another reason to head for the relative safety of bonds: In their post-meeting statement Wednesday, policymakers warned of significant downside risks to the economic outlook. That triggered a blistering sell-off in stocks that drove get free credit Ohio the Dow Jones industrial average down a total of 5.9% over get free credit Ohio two days. But stocks stabilizedFriday, and they’re rallying Monday as investors once get free credit Ohio again get their hopes up that Europe will avoid a financial collapse.
The Dow was up 200 points, or 1.9%, to 10,971 at about noon PDT. Bill O’Donnell, government bond strategist at RBS Securities in Stamford, Conn., said there is “a lot of chatter” on Wall Street about big investors allocating some of their assets from bonds to stocks as the end of the quarter approaches Friday. official credit report free The Dow is off nearly 12% for the quarter get free credit Ohio so far, while bonds have rocketed in value as market yields have tumbled. But O’Donnell said Treasury bond yields are likely to head lower again unless the economy reaccelerates. He noted that the Fed’s planned long-term bond purchases haven’t even begun yet: That $400-billion program will probably begin next week and last through June. Stocks rally on hopes for solution in Europe Fed revives Operation Twist to pull down long-term rates Q&A: How the Fed move could affect the economy and markets The head of a California panel that hands out sales tax exemptions to renewable-energy manufacturing companies wants to suspend the get free credit Ohio program in the wake of the Solyndra scandal. State Treasurer Bill Lockyer said he will ask fellow members of the California Alternative Energy and Advanced Transportation Financing Authority at a get free credit Ohio meeting Tuesday to not approve any new applications for exemptions from paying California sales tax. free credit report all three The exemptions are aimed at encouraging the purchase of equipment used to make solar panels and other energy-saving projects. The program was authorized last year by the get free credit Ohio Legislature when it passed SB 71 by Sen. A decision on the request is not likely to be get free credit Ohio made before late October, a spokesman for Lockyer said. SB 71 created a tax exemption for businesses that requires a level of transparency and public accountability rarely, if ever, seen in California or anywhere else, said Lockyer in a statement released by his office.
He added that in light of recent events-- the potential loss of a $535-million federal loan guarantee to Solyndra, a bankrupt Fremont solar panel manufacturer -- we owe it to the taxpayers to see if there is more we can do to make sure we dont give their money to companies headed for a fall or companies that take Californias money and run to other states to create jobs. Lockyers authority had approved $37 million worth get free credit Ohio of sales tax exemptions for Solyndra, but the company only used $25.get free credit Ohio 1 million to buy equipment before it closed. The authority approved 32 sales tax exemption applications, valued at get free credit Ohio $104 million, of which $31.4 million was used, the treasurers office said. free credit report form Solyndras collapse is a tale of too much dazzle Solyndra executives invoke rights, refuse to answer lawmakers Obama fundraiser linked to program that aided Solyndra Photo: President Obama talks with Solyndra Chief Executive Chris Grommet get free credit Ohio during a visit to the companys factory in Fremont on May 26, 2010.
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