The Treasury market is pricing in an Obama victory, says Janney's Guy LeBas, as...


The Treasury market is pricing in an Obama victory, says Janney's Guy LeBas, as southward-heading yields suggest no imminent change to monetary policy. Left unexplained by LeBas is how a Romney victory would change monetary policy. Besides, many suspect the Fed runs the President, not the other way around.

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Comments (5)
  • jnosnibor99
    , contributor
    Comments (10) | Send Message
     
    Gloom
    5 Nov 2012, 11:50 AM Reply Like
  • archie1
    , contributor
    Comments (27) | Send Message
     
    I suppose that the earnings reports and the tens of thousands of layoffs already announced next year have "nothing" to do with it!

     

    This is what a "bubble" looks like! How soon they forget!

     

    If Romney should win,it will be interesting to see what this guy says!
    5 Nov 2012, 11:50 AM Reply Like
  • Bear Bait
    , contributor
    Comments (926) | Send Message
     
    It is difficult to predict what would happen if Romney is elected. He has given so few specifics about many of his plans most notably what tax breaks will he eliminate and many of the issues he took a solid stand on in the past has seen a current weakening of that stand. Who know what he'll do. I don't think he know exactly what he is going to do either. However, my bet is that his movement towards the center will continue if he is elected! He's a "sheep" in wolves clothing.
    5 Nov 2012, 12:05 PM Reply Like
  • eureka-perspectives
    , contributor
    Comments (6) | Send Message
     
    In my opinion Guy has it backward.

     

    First, weighing in on the FED, everyone knows they are not really independent.

     

    As to who wins in ten days after OHIO is counted, the market is tilting toward a Romney-Ryan victory and austerity which will lead towards higher interest rates. The double top in June-July for the long bond is the warning sign.
    5 Nov 2012, 12:17 PM Reply Like
  • fred1724
    , contributor
    Comments (67) | Send Message
     
    Suspect te Fed is running the Presidency. The President doesn't seem capable of running anything (except of course extra regulations).
    6 Nov 2012, 08:27 AM Reply Like
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