A New York Fed white paper from April of 2014 explores the idea of imposing withdrawal fees on money market funds. The publication concludes that there is a real possibility that suspending convertibility, including the imposition of gates and/or fees for redemptions, can create runs
It is worth noting that last month the strongest gain for payrolls in three years was met not with bond selling but bond buying as the post-mortem of the household survey revealed a more fragile situation
Available on CME Globex, Euro DSF will be listed for quarterly expiration on IMM dates, for physical delivery of an OTC Euro interest rate swap at key terms to maturity of 2, 5, and 10 year and notional value of €100,000.
Ben Bernanke recently said the Fed is not overly concerned at the moment that there are bubbles forming in the financial system, although he stressed the Fed is “watching vigilantly” for such risks. Based on the Fed’s track record, there would be no bubbles if they had that foresight.
The New Year has started and not much has changed. All through 2013 we heard of an impending "bond bubble," a "stock market bubble" and a Europe expected to fly apart at any moment. It sounded like a broken record. But what happens? Nothing. Why?