It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by Whisper67
Anyone watching Squawk Box Europe? They were just discussing what would happen if the markets were abolished. I'm telling ya, it's a trip to hear these ideas being discussed in MSM.
BUDAPEST, March 8 (Reuters) - Hungary's central bank said the forint's depreciation in recent weeks was not justified by fundamentals and it was ready to use its entire monetary policy tool kit to normalise markets.
The statement, issued by the rate setting Monetary Council after it held a non-regular meeting on Sunday, has been the strongest move by the bank so far to prop up the forint which hit an all-time low against the euro on Friday.
WARSAW, March 9 (Reuters) - Poland's currency, the zloty, is "significantly undervalued" at present, Polish central bank governor Slawomir Skrzypek was quoted as saying on Monday.
VILNIUS, March 8 (Reuters) - Lithuania's central bank on Sunday reassured investors about the stability of litas currency after reports of a sharp rise in buying of foreign currency.
Lietuvos rytas, the daily newspaper, said on its website on Sunday that people rushed to swap litas into euros, dollars and British pounds over the weekend, forcing some bank branches to run out of those currencies.
Watch this...we've been ABOVE 3 till just recently...
Merrill Lynch & Co. told clients last week that Treasuries will have a “siren song” rally before falling in the second quarter. A Bloomberg News survey of economists shows U.S. 10- year note yields will fall to 2.64 percent by June 30 from 2.86 percent today.
The yield will climb to 3.09 percent by year-end, the survey shows, with the most recent forecasts given the heaviest weightings. An investor who bought today would earn 1.1 percent by Dec. 31 if the forecast proves correct, after accounting for reinvested interest, according to data compiled by Bloomberg.