- TSY Working on Plan to Bring Mortgage Rates Down to 4.5% --WSJ
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- Fortress Continues to Make New Lows, Now Down 36% at 1.61
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- US Tax Free Money Mrkt Fund Assets Dropped $500mln to $493.6bln Last Week
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- CNBC suspected the merger because CEOs were seen dining together
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- GS and MS not in Merger Talks - CNBC
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- US Taxable Money Mrkt Fund Assets Gained $23.6bln to Record $3.16tln Last Week--IMoneyNet
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- US Money Market Fund Assets Gained $23bln to Record $3.66tln Last Week--Imoneynet
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- Smaller Rate Reduction Possible Going Forward-- RBNZ
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- RBNZ Cuts Benchmark Rate to 5% from 6.5%
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- S&P Gains 20 Points in the Last Half-hour, Now Up 0.7% at 855
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- FED Should Not Lend to Automakers --Lacker
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- Fortress Down 26% to 1.84
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- Min Offer $1mln, Increments $1mln in GSE Debt Auctions --NY FED
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- Dealers Will Be Allowed 3 Offers Per Auction of GSE Obligations --NY FED
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- GSE Debt Purchases Will Occur About Once a Week --NY FED
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- NY FED: GSE Debt-Buying Program Will Be in Place for 'Next Several Quarters,' Subject to Mkt Conditions
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- NY FED: Agency Debt-Buying Will Target Fixed-Rate Non-Callable Sr. Benchmark Securities --Reports
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- B.Book - Delayed Harvests in Richmond, Chicago, Minneapolis Districts due to wet weather;
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- B.Book - Services weak in most districts - advertising, architecture, business sppt, IT, legal svs and Temporary Workers
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- B. Book - 6 Districts report drop in Cattle and or Crop Prices
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