“Treasury Three-Year Yield Rises From Near 2010 Low Before Sale”
“Bernanke said yesterday at a Washington event that while the Fed will raise interest rates from a record low before the economy returns to “full employment,” officials don’t know when the process will start. The banking system isn’t fully healthy and lenders are “cautious” in providing credit, Bernanke said.
Given the depth of the recession, the recovery is “moderate paced,” according to Bernanke. In Europe, policy makers “are committed to avoiding default in Greece” and elsewhere, he said.” Read more.
“Treasury Three-Year Yield Rises From Near 2010 Low Before Sale”
Susanne Walker and Paul Dobson
Susanne Walker and Paul Dobson
Bloomber Businessweek, June 8, 2010.
Image by Michal Marcol / FreeDigitalPhotos.net.
