The News Review:
- TREASURIES-Bonds slip on stock gains mediocre auction
- Michael Jackson Auction
- JGBs firm on recession fears eyes on futures
- Cleared for landing
TREASURIES-Bonds slip on stock gains mediocre auction
Reuters
Treasuries ended lower onWednesday as a rally on Wall Street curbed safety bids forbonds a day after a cash stampede sent three-month bill ratesbelow zero for the first time since the early 1940s. A mediocre $28 billion auction of three-year notes also putdownward pressure on bonds analysts said. “When stocks rally Treasuries will sell off to some extentbecause an equity market rally symbolizes investors’willingness to take on more risk” said William Sullivan chiefeconomist at JVB Financial Group in Boca Raton Florida. The yield which moves inversely to price was 2. 71percent up from 2.
Michael Jackson Auction
Examiner.com
Then the troubles began and he was in the news for another reason. Now he is in the news again but for a completely different reason. In April some 2000 personal items belonging to Michael Jackson will go on the auction block. Juliens Auction House in Los Angeles is handling the event. A portion (non specified) of the proceeds will go to the MusiCares program a charity of the Recording Academy that aids musicians in need. The auction catalogue is a massive six book set costing $100; signed sets go for $500 plus shipping and handling. Among the items included in the auction are the famous glove first worn by Jackson in the Billie Jean video art items paintings life size bronze sculptures marble sculptures memorabilia arcade games garden furniture and the great gates from his Neverland Ranch.
JGBs firm on recession fears eyes on futures
Reuters
415 percent in earlytrade. Longer-dated bonds recovered earlier losses as some dealersbought them back after Japan’s Ministry of Finance postponed anenhanced liquidity JGB auction from Thursday to Dec. [ID:nTKF003201] Dealers had sold some super-long debt ahead of the expectedauction offer usually announced at 0130 GMT on the day of theauction. But no such announcement was made due to a system glitch.
Cleared for landing
Newsday NY
Kennedy International Airport and Newark Liberty International Airport. Slots have been capped at LaGuardia Airport for decades. Then in a nod to free-market competition officials launched an unprecedented plan to require carriers to auction off 10 to 20 percent of their existing slots. The first auction was to be held next month. The plan was opposed by the Port Authority which runs the airports and New York’s two senators. The airlines sued via the Air Transport Association and won this week’s order delaying the auctions. Rather than untried auctions officials should accelerate work to redesign the New York airspace to safely accommodate more planes.
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