Top Interest Rate Headlines 12-12-11: Euro Undermined as Draghi Undoing Trichet Interest Rates Removes Support

Euro Undermined as Draghi Undoing Trichet Interest Rates Removes Support
Bloomberg
Foreign-exchange strategists are slashing their forecasts for the euro at the fastest pace this year as European Central Bank President Mario Draghi's interest- rate cuts remove one of the currency's pillars of support.
http://bloom.bg/uEVv0k

Europe Stocks, Euro, Metals Drop Before Italy, France Bond Sales
BusinessWeek
European stocks and U.S. equity futures fell, while the euro and commodities declined before a bond sale by Italy and France.
http://buswk.co/uGPjx6

Australian Home Loans Gain Seventh Straight Month Ahead of RBA's Rate Cuts
Bloomberg
Australian home-loan approvals rose in October for a seventh straight month before central bank Governor Glenn Stevens lowered borrowing costs for the first time in 31 months.
http://bloom.bg/uWjYM8

Mr. Corzine Goes to Washington, With No Pull: William D. Cohan
BusinessWeek
When it comes to shining a light on the cozy relationships between Wall Street and Washington, and how the rich and powerful get access to things the rest of us don't, there can never be too many juicy examples.
http://buswk.co/t40IlT


Treasury 30-Year Bonds Drop on Europe Deal, U.S. Recovery SignsBusinessWeek
Treasury 30-year bonds fell for a second consecutive week as a European agreement for closer fiscal union reduced the haven appeal of U.S. debt and reports showed the economic recovery strengthening.
http://buswk.co/urQnwG

Japanese Stock Futures Drop as ECB President Damps Bond-Buying Speculation
Bloomberg
Japanese stock (MXAP) futures and Australian shares fell after the European Central Bank damped speculation it would step up debt purchases and regulators said lenders need to raise more capital than previously forecast.
http://bloom.bg/vfSJmu

The Paul family's partial truth about the Federal Reserve [Opinion: The Arena]Louisville.com
by Keith Rouda The father and son Paul duo, Ron and Rand, have been pointing to the Federal Reserve's low interest rates, primarily under the Bush administration, as the primary factor in creating the housing bubble. If we do some root cause analysis on this, we find that the Fed's low interest rates were a contributing factor, but they were not the only contributing factor, and they were also ...
http://bit.ly/tC3OOx

Hamilton: "More on those secret Federal Reserve loans to banks"Calculated Risk
The claim that the Federal Reserve extended trillions of dollars in secret loans to banks continues to be spread. Here at Econbrowser we will continue to try to correct some of the misunderstanding that is out there.
http://bit.ly/stIDwl

Fed nearing a plan to clarify direction of rates
AP via Yahoo! News
The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further still.
http://yhoo.it/tHLFW7


Federal Reserve
Bankrate.com
The Federal Open Market Committee, also known as the FOMC, meets Tuesday for the last time this year, and Fed watchers expect a lot of talk but no action from the rate-setting committee.
http://bit.ly/vYTfI8

Stock Futures Lower in Debt Summit AftermathTheStreet.com
NEW YORK (TheStreet) -- Stock futures pointed to a lower open Monday as investors assessed the progress European leaders made last week on resolving their debt crisis. Futures for the Dow Jones Industrial Average were falling 96 points, or 61 points below fair value, at 12,047. The index rose 187 points last Friday, finishing the week with a 1.4% gain. The Dow surged 7% in the prior week and is ...
http://bit.ly/vRWZE0

German Bunds Advance Before Italian, French, Dutch Treasury Bill AuctionsBloomberg
German 10-year bunds rose and two- year yields approached a euro-era record low as Italy, France and the Netherlands prepare to sell Treasury bill bills today.
http://bloom.bg/rUBdWZ


Chicago broker shows 'em the money post MF GlobalReuters via Yahoo! News
NEW YORK (Reuters) - As former MF Global chief executive Jon Corzine prepared to testify this week before a U.S. Congressional committee about missing customer money, independent broker Rosenthal Collins Group (RCG) attempted to restore customer confidence in the futures market by publishing exactly where it is holding its client collateral. ...
http://yhoo.it/usHjiq

Trading firms to face new rules on customer fundsseattlepi.com
Trading firms to face new rules on customer funds Associated Press Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 10:29 a.m., Monday, December 5, 2011 WASHINGTON (AP) - A federal rule adopted Monday places tighter restrictions on how U.S. trading firms can invest their customers' money. The action comes ...
http://bit.ly/tOJoBe