Top Interest Rate Headlines 10-04-2011: NY Fed Designates BMO Capital Markets And Bank Of Nova Scotia As Primary Dealers

NY Fed Designates BMO Capital Markets And Bank Of Nova Scotia As Primary Dealers
Primary dealers serve as trading counterparties of the New York Fed in its implementation of monetary policy. This role includes the obligations to: (i) participate consistently in open market operations to carry out U.S. monetary policy pursuant to the direction of the Federal Open Market Committee (FOMC); and (ii) provide the New York Fed's trading desk with market information and analysis helpful in the formulation and implementation of monetary policy.
http://jlne.ws/nIyEq1

What can we learn about Federal Reserve policy during financial crises?
http://ow.ly/6Nuea

Bank of New York Mellon sued over currency trades  
http://jlne.ws/q1Kin7

CDS numbers count against banking system
By David Oakley and Tracy Alloway, FT.com
http://jlne.ws/ouFJpp

St. Louis Fed Chart: 30-year conventional mortgage rate dips to 4.01 percent
http://jlne.ws/qU7nkA

Moody's downgrades Italy's government bond ratings to A2 with a negative outlook
Moody's Investors Service: Moody's Investors Service has today downgraded Italy's government bond ratings to A2 with a negative outlook from Aa2, while affirming its short-term ratings at Prime. 1. The rating action concludes the review for downgrade initiated by Moody's on 17 June, 2011.
http://jlne.ws/oMX4YCJLN Interest Rates

Tremonti Says Spain’s Narrower Bond Spread May Reflect Vote
By Lorenzo Totaro, Bloomberg Businessweek
Italian Finance Minister Giulio Tremonti said the fact that Spanish bonds yield less than Italy’s debt over German bunds may reflect imminent elections in Spain.
http://jlne.ws/r8fcwy

BMO predicts interest rates will stay flat until 2013
The Canadian Press
A big Canadian bank predicts the slumping economy will put interest rates on hold, or moving lower, until at least until 2013. In an interest rate outlook released Tuesday, the Bank of Montreal said it does not expect interest rates to rise again until the early part of 2013.
http://jlne.ws/nwMo13

EU ministers look at bank aid plans
By Peter Spiegel and Alex Barker, FT.com
http://jlne.ws/oeeAtz

Bernanke to Congress: Sluggish economic growth ahead
CNNMoney
Fed chief Ben Bernanke told a panel of Congress on Tuesday that the central bank expects growth in the second half of the year to be "more rapid" than the first half of the year, but says the economy still faces headwinds.
http://jlne.ws/oho9l5

Dexia Is Setting Up 'Bad Bank'
By Mark Gongloff, WSJ.com
Franco-Belgian lender Dexia is set to park assets worth in excess of EUR180 billion into a so-called bad bank, a vehicle backed by guarantees from the French and Belgian governments, in an effort to disentangle itself from gripping liquidity strains, people familiar with the matter said Tuesday.
http://jlne.ws/rmbIFl

Warren Buffett On Taxes, Europe, And Women
By Megan Barnett and Nin-Hai Tseng, Fortune
http://jlne.ws/ohQKWp

Ken Griffin's Citadel Is Killing It This Year: Up More Than 15% YTD
Business Insider
Ken Griffin's hedge funds are up 15% this year - and, his main funds didn't lose money in September.
http://jlne.ws/qLuJ2F

Osborne: 'British banks protected from debt crisis' (Video)
BBC
European stock markets have suffered a second day of heavy falls amid growing concerns about the Greek debt crisis. Shares in the banking group Dexia lost almost a fifth of their value, despite promises of support from the French and Belgian governments.
http://jlne.ws/qGdmQJ

Anonymous Threatens to 'Erase' the NYSE 
http://jlne.ws/p4GXVe

Bernanke Speech Before Joint Economic Committee: Economic Outlook and Recent Monetary Policy
http://jlne.ws/pl2rAt