The fact that buying tapered off after Wednesday’s and Tuesday’s [Treasury auction] sales underscores the attention that traders are placing on the Jackson Hole, Wyo., summit at which Bernanke will speak, betting against the prospect of some form of new bond-buying initiative…..
Troves of tepid economic data in the past few weeks had worked up hopes that the Fed would step in with some sort of disclosure at this weekend’s conference. But those expectations have died down since the start of the week as new data show the global economic recovery might not have slowed down as much as some investors thought.
2 Replies to “Treasury Prices Sink As Investors Pause Ahead Of Jackson Hole – WSJ.com”
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The media is so unreliable that one can not believe anything posted by them. Tepid economic data does not mean another recession is imminent. And the media in their desperate attempt to hold on to readership is sensationalizing any economic data that is reported by reliable agencies. But who knows if they haven’t been tainted as well. Maybe we’ll never get back to an earlier time when good was accentuated. We have a liar as our President and superstars as our elected officials. Democracy is being threatened. And the media is fanning the flames.