I would aim to buy Treasurys between three and five years in maturity, whose yields are between 3.25% and 3.55%–not the highest yields, but certainly the highest credit quality.
"Such actions have precedent," Greenspan told a New York audience in December, referring to the 2.5% cap imposed by the Fed on long-dated Treasurys between 1942 and 1951.
Notes also got a lift after the Federal Reserve bought Treasuries due between April 30 , 2003 and Feb. 15, 2004, as part of its regular money market operations.
If this concoction is at least 60%, on the money rates on 10-year Treasuries trade between 3.5% and 4.5%.
Historically, the trend line yield for 10-year Treasuries ranges between 4% and 5% with spikes above 8% and even 15% when Paul Volcker tightened in 1981- '82
While Treasury yields have risen, the "spread," or gap between Treasuries and other debt instruments, has narrowed sharply.
Guido Carli, one of Mr Ciampi's predecessors as governor, tried unsuccessfully to keep the politicians' excesses in check when he was treasury minister between 1989 and 1992.
Almost half the Chinese cabinet is trooping to Washington, DC, for the second of the twice-yearly discussions, conceived by Hank Paulson, America's treasury secretary, between the world's largest economy and its fastest-growing one.
; The biggest problem the stock market faces is its valuation in the context of 30-year Treasurys yielding between 7 % and 7.5.
Spreads between Treasuries and Fannies and Freddies immediately widened.
