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The one event that could still make Treasuries attractive, Mr. Brown said, would be a downgrade of France by the rating agencies.
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NHS trusts made efficiency savings of £2.9bn during the year, as part of ongoing efforts to control overspending and make Treasury-required productivity gains.
The legendary stability of Treasurys and the ubiquity of the dollar make Treasurys very appealing to central banks overseas.
n If your federal rate is high enough to make Treasurys unappealing, buy municipal bonds from your home state — or buy a fund that buys them.
If the Fed raises interest rates even a bit, that probably makes Treasuries an even more attractive investment; even if long rates don't rise investors get the prospect of dollar appreciation in the mix.
Government budget surpluses, which led the Treasury to curtail the issuance of new debt and begin buying back existing long-term debt, made Treasuries more attractive, adding to the downward pressure on interest rates.
Even the modest retirement of Treasury debt during the past two years has made Treasurys scarce.
Local real interest rates are falling, making treasury bills less attractive; the local-currency bond market should grow in both size and depth as medium-sized companies come to recognise its advantages.
In fact, in a perverse sense, troubles elsewhere make U.S. Treasuries more attractive.
Mr. President-elect, there was speculation that you may be looking toward Wall Street to make the treasury secretary pick.
However, officials believe the move from annual haggling over budgets - which were costly in terms of time and needlessly confrontational - to a three-year planning cycle will help make the treasury more of an enabling ministry.
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